NYMEX Plus Basis

Hess' NYMEX Plus Basis product is designed for customers who wish to purchase natural gas at market prices, but lock in their "basis" (price between NYMEX pricing point and utility city gate). This product is suited to customers who wish to participate in downward markets but ensure stable transportation rates. NYMEX Plus Basis is most beneficial to customers who expect market prices to decline and want to avoid locking in natural gas supplies at current market rates.

How it works:

• Lock-in a fixed basis and pay for the commodity per the closing price of NYMEX natural gas contract for each month of the contract period

Benefits:

• Increases price certainty over a floating price
• Provides participation in falling NYMEX