Re: January Spot Purchases-Deals Needed

Vance,

Deals have been created and entered in Sitara as noted below:

Julie,

Please edit deal # 553552 to reflect tiered pricing. Thanks.

Bob

Vance L Taylor
02/06/2001 02:24 PM
To: Robert Cotten/HOU/ECT@ECT
cc: Julie Meyers/HOU/ECT@ECT, Lisa Hesse/HOU/ECT@ECT, Cynthia
Hakemack/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT
Subject: January Spot Purchases-Deals Needed

Bob,

HPLC purchased wellhead gas from the producer listed below for the production
month of January, 2001. This production wasl purchased on a "spot" basis and
a deal ticket should be created and entered into sitara based on the
following information:

Counterparty Meter Volume Price Deal #
Crosstex Energy Svcs., Ltd. 0435 682mmbtu/d 100% IF/HSC $0.065 608779
Tri-Union Development 0435 60mmbtu/d 100% IF/HSC less $0.055 608800

Additionally, the following production is now on-line and a ticket should be
created and entered into sitara based on the following:

Counterparty Meter Volumes Price Period Deal #
Ranger Oil Company 9871 200mmbtu/d 85% Gas Daily if <300/d 12/27 - 12/31
553552
90% Gas Daily if <300/d

Ranger Oil Company 9871 200mmbtu/d 85% IF/HSC if <300/d 1/1 - 1/31 608878
2/1 - 2/28 611973
200mmbtu/d 90% IF/HSC if <300/d

Additionally, these are Producer Svcs. deal and should be tracked in the IM
Wellhead portfolio... attached to the gathering contract.

Thanks,

vlt
x3-6353