Daily Market Update

Spot cash market pricing for deliveries to VNG dropped substantially ahead of the July 4th weekend.  Delivered pricing off of DTI was as low as $.80 per Dth at the citygate of VNG.  Unfortunately, Z-5 pricing was actually slightly stronger, and TCO pool pricing was only at a slight discount for the weekend.  The August natural gas contract edged up for the day, closing at $2.822 per Dth.