basis spreads

---------------------- Forwarded by Eric Bass/HOU/ECT on 01/11/2000 09:58 AM
---------------------------

From: James Mackey 01/10/2000 11:59 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: basis spreads

Eric-

Here's the 10 year basis curves, per Ed. Note that the Carthage curve is
calculated as a differential from Ship. It's based on an analysis of 1998
Gas Daily spreads.

Thanks,
James