Dynamic Triggering™

Dynamic Triggering™ allows customers who consume over 10,000 MMBtu per month to take advantage of market lows while providing upward price protection. Dynamic Triggering™ is suited for customers who wish to tier their natural gas purchases at preset trigger levels. Since customers can change their triggers, this program provides the flexibility to adapt to changing market conditions.

While the concept of trigger pricing has been around for years, Hess' Dynamic Triggering™ program is different in three distinct ways:

• We work closely with our customers to establish a sound strategy that meets their specific objectives
• We help our customers develop multi-year strategic management plans to lower their energy costs
• We provide monthly reports that help customers adjust their trigger strategy

How it works:

• Dynamic Triggering™ is a strategy of setting targeted strike prices for specified periods and quantities. Customers have the option to divide their purchases into multiple tiers, each with their own triggers.
• Lock-in basis cost for the contract period
• Complete control over NYMEX trigger levels
• Each month, Hess' expert operations and trading team issues a Dynamic Trigger™ Objectives report that analyzes historical data, current market conditions, and predictive models to help customers modify their trigger strategy

Benefits:

• Tiered purchases diversify risk
• Proprietary Hess market expertise for assistance in setting trigger levels

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