Exhibit 99.1
United States Natural Gas Fund, LP
Monthly Account Statement
For the Month Ended December 31, 2017
| Statement of Income (Loss) | ||||
| Income | ||||
| Realized Trading Gain (Loss) on Futures | $ | (85,790,100 | ) | |
| Unrealized Gain (Loss) on Market Value of Futures | 78,253,040 | |||
| Dividend Income | 17,397 | |||
| Interest Income | 556,652 | |||
| ETF Transaction Fees | 26,000 | |||
| Total Income (Loss) | $ | (6,937,011 | ) | |
| Expenses | ||||
| General Partner Management Fees | $ | 312,466 | ||
| Professional Fees | 161,264 | |||
| Brokerage Commissions | 201,531 | |||
| Non-interested Directors' Fees and Expenses | 4,813 | |||
| Prepaid Insurance Expense | 2,110 | |||
| NYMEX License Fee | 7,812 | |||
| SEC & FINRA Registration Expense | 14,030 | |||
| Total Expenses | $ | 704,026 | ||
| Net Income (Loss) | $ | (7,641,037 | ) | |
| Statement of Changes in Net Asset Value | ||||
| Net Asset Value Beginning of Month 12/1/17 | $ | 542,539,848 | ||
| Additions (10,200,000* Shares) | 224,522,721 | |||
| Withdrawals (4,800,000* Shares) | (107,329,799 | ) | ||
| Net Income (Loss) | (7,641,037 | ) | ||
| Net Asset Value End of Month | $ | 652,091,733 | ||
| Net Asset Value Per Share (27,941,619* Shares) | $ | 23.34 | * | |
* On January 4, 2018, there was a 1-for-4 reverse share split. The Monthly Account Statement has been adjusted for the period shown to reflect the 1-for-4 reverse share split on a retroactive basis.
To the Limited Partners of United States Natural Gas Fund, LP:
Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended December 31, 2017 is accurate and complete.
| /s/ Stuart P. Crumbaugh |
Stuart P. Crumbaugh
Chief Financial Officer
United States Commodity Funds LLC, General Partner of United States Natural Gas Fund, LP
United States Commodity Funds LLC
1999 Harrison Street, Suite 1530
Oakland, CA 94612
