|
|
Enron Mail |
Vance:
Per our conversation, we have two possible options to resolve this deal, depending on whether the wellheads are producing or not. Producing: If that is the case, the purchase from Calpine, and any contracts hedged to it will need to be backed up in the system to a wellhead level. Once that is done, I will need to research in the system how those wellheads were allocated and paid and reallocate to your Calpine deal. This will probably have to go back to HPLC's ownership of HPLR's gathering assets. Non-producing: Should we determine that the Common Point and any wells behind it have been shut-in, or P&A'd, we will need to reallocate this deal to zero, and unwind any hedges against it (or, move the hedges to another deal, if possible. Since the deal is older, we probably sold lower priced contracts against the production and a buy-back today would possibly result in a financial loss). In either case, the deal needs to be cleaned up back to the date of last flow at meter 4229, which I am currently looking into. I will email you as soon as I ascertain that date. In lieu of the past couple of days, we may need to look at all of the deals which were impacted by HPLC's aquisition of HPLR's gathering to ensure that they are being captured properly, both at a book level and at a state filing level. Please let me know what your thoughts are as to how to accomplish this. Thank you again for all of your hard work in this area, Mary
|