Enron Mail

From:john.singer@enron.com
To:wade.price@enron.com
Subject:Re: Phillips Production PNG gas
Cc:mary.franklin@enron.com, chris.germany@enron.com, nelson.ferries@enron.com
Bcc:mary.franklin@enron.com, chris.germany@enron.com, nelson.ferries@enron.com
Date:Wed, 23 Aug 2000 01:24:00 -0700 (PDT)

1. Phillips Production / Peoples:
Price: @ $2.95/Mcf
Term: 1/1/2000 - 11/30/2000
Est. Volume: 500/MCFD (Actual Volume will vary.)
I have no way of verifying the actual volume. Chris Germany and Angie
Zeman will try to get into CES's PNG pool via E-Script. This may be the
only way to verify actual volumes. I have a call into Phillips to see if
they might have a pipeline statement verifying volumes.

2. Braxton Oil & Gas / EQUITRANS (Sitara #220864):
Price: 100% TCo Appalachian Index, less gatthering and/or processing
Term: 4/1/00 forward
The $3.086 price was for the period 11/1/99 through 3/31/00 for 2,000
Dth/month with the balance @ 100% TCo Index, less gathering and/or
processing.
The original CES deal, done on 7/28/99 for the period 11/1/99 - 3/31/00, was
structured as follows:
18,000/month CNG @ $3.086, balance @ 100% CNG Index
10,000/month TCo @ $3.086, balance @ 100% TCo Index;
2,000/month EQUITRANS @ $3.086, balance @ 100% TCo Index.
Above prices less gathering and/or processing.

John





Wade R Price@ECT
08/22/2000 05:32 PM
To: John M Singer/Corp/Enron@ENRON
cc: Mary Theresa Franklin/HOU/ECT@ECT

Subject: Phillips Production PNG gas

For July, Phillips for PNG billed 12234 in volume (4391 at 3.02 and 7843 at
2.95) Sitara only has a deal for the 2.95 on 301/day=9331. Can you
clarify the pricing and volumes?

Also, I left you a voice mail about Braxton pricing for their Equitrans
production. Please reply.

Thanks

WRP