NATURAL GAS ICE HENRY HUB - ICE OTC                                  Code-023391
OPTION AND FUTURES COMBINED POSITIONS AS OF 12/20/11          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(Contracts of 2,500  MMBTU'S)                        OPEN INTEREST:    4,776,178
COMMITMENTS
 446,636  402,257  1452609  2774363  2818059  4673608  4672925  102,570  103,253

CHANGES FROM 12/13/11 (CHANGE IN OPEN INTEREST:     38,338)
  21,844   37,941 -106,789   44,330   28,656  -40,615  -40,192   78,953   78,530

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     9.4      8.4     30.4     58.1     59.0     97.9     97.8      2.1      2.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      223)
      36       31       62      140      132      205      200
 
 
SOCAL BORDER FIN BASIS - ICE OTC                                     Code-023393
OPTION AND FUTURES COMBINED POSITIONS AS OF 12/20/11          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(Contracts of 2,500  MMBTU'S)                        OPEN INTEREST:      324,030
COMMITMENTS
  12,878   24,070    7,853  290,820  285,851  311,551  317,774   12,479    6,256

CHANGES FROM 12/13/11 (CHANGE IN OPEN INTEREST:     14,734)
  -2,379    4,466    1,627   15,012    8,425   14,260   14,518      474      216

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     4.0      7.4      2.4     89.8     88.2     96.1     98.1      3.9      1.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       53)
       6        2        5       39       37       47       42
 
 
PG&E CITYGATE FIN BASIS - ICE OTC                                    Code-023394
OPTION AND FUTURES COMBINED POSITIONS AS OF 12/20/11          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(Contracts of 2,500  MMBTU'S)                        OPEN INTEREST:      164,610
COMMITMENTS
     351        0    5,480  152,800  157,629  158,631  163,109    5,979    1,501

CHANGES FROM 12/13/11 (CHANGE IN OPEN INTEREST:      1,922)
     -46        0      649    2,864    2,537    3,467    3,186   -1,545   -1,264

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     0.2      0.0      3.3     92.8     95.8     96.4     99.1      3.6      0.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       45)
       2        0        2       35       41       37       43
 
 
NWP ROCKIES FIN BASIS - ICE OTC                                      Code-023395
OPTION AND FUTURES COMBINED POSITIONS AS OF 12/20/11          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(Contracts of 2,500  MMBTU'S)                        OPEN INTEREST:      319,599
COMMITMENTS
   5,336   28,677    2,121  306,884  283,604  314,341  314,402    5,258    5,197

CHANGES FROM 12/13/11 (CHANGE IN OPEN INTEREST:     -3,033)
    -853    2,352     -460   -3,089   -4,497   -4,402   -2,605    1,369     -428

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     1.7      9.0      0.7     96.0     88.7     98.4     98.4      1.6      1.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       46)
       1        4        3       35       34       38       39
 
 
AECO FIN BASIS - ICE OTC                                             Code-023396
OPTION AND FUTURES COMBINED POSITIONS AS OF 12/20/11          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(Contracts of 2,500  MMBTU'S)                        OPEN INTEREST:      796,297
COMMITMENTS
     651   26,784   22,178  770,940  744,376  793,769  793,338    2,528    2,959

CHANGES FROM 12/13/11 (CHANGE IN OPEN INTEREST:     -1,350)
      68    3,015     -335   -1,297   -5,958   -1,564   -3,278      214    1,928

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     0.1      3.4      2.8     96.8     93.5     99.7     99.6      0.3      0.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       67)
       1        5        5       55       48       61       53
 
 
CHICAGO FIN BASIS - ICE OTC                                          Code-023397
OPTION AND FUTURES COMBINED POSITIONS AS OF 12/20/11          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(Contracts of 2,500  MMBTU'S)                        OPEN INTEREST:      231,825
COMMITMENTS
   9,458   19,683    4,677  208,281  202,087  222,416  226,447    9,409    5,378

CHANGES FROM 12/13/11 (CHANGE IN OPEN INTEREST:      5,838)
     428        0      103    3,661    4,836    4,192    4,939    1,646      899

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     4.1      8.5      2.0     89.8     87.2     95.9     97.7      4.1      2.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       46)
       2        1        2       37       34       39       37
 
 
HSC FIN BASIS - ICE OTC                                              Code-023398
OPTION AND FUTURES COMBINED POSITIONS AS OF 12/20/11          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(Contracts of 2,500  MMBTU'S)                        OPEN INTEREST:      396,521
COMMITMENTS
   9,898       21   18,283  358,131  371,714  386,312  390,018   10,209    6,503

CHANGES FROM 12/13/11 (CHANGE IN OPEN INTEREST:      3,467)
      62       21   -2,428    6,580    5,931    4,214    3,524     -747      -57

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     2.5      0.0      4.6     90.3     93.7     97.4     98.4      2.6      1.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       58)
       5        2        6       41       40       48       46
 
 
WAHA FIN BASIS - ICE OTC                                             Code-023399
OPTION AND FUTURES COMBINED POSITIONS AS OF 12/20/11          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(Contracts of 2,500  MMBTU'S)                        OPEN INTEREST:      170,274
COMMITMENTS
   6,556    8,004    8,083  152,779  144,953  167,418  161,040    2,856    9,234

CHANGES FROM 12/13/11 (CHANGE IN OPEN INTEREST:    -12,120)
  -5,743      278    4,106  -10,394  -17,663  -12,031  -13,279      -89    1,159

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     3.9      4.7      4.7     89.7     85.1     98.3     94.6      1.7      5.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       39)
       3        2        3       26       28       29       33
 

Updated December 23, 2011