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Enron Mail |
Hi Matthew-
SIGMA FACTOR REQUEST: Commercial has requested the following new WTI physical product type on EnronOnline. The product type is similar to the US Crude WTI Phy Index except that the index is a "Basis" spread between Platt's WTI and another designated Platt's index (the list of all the other Platt's index choices is shown further below). The delivery location is at Cushing, Oklahoma.: US MTBE Swap Platts GC WB Mo/Yr USD/Gl-b New Product TypeCommodity: Product Type: US Crude WTI Phy Basis Commodity: Crude Oil (WTI) Currency: USD Default UOM: Barrels per day Country: USA e.g.: PRODUCT : US WTI Phy Basis PlattsMidl C-OK Month/Year USD/bbl A US Crude Transaction with Enron Reserve Acquisition Corp., under which the Seller shall sell and the Buyer shall purchase the agreed quantity of West Texas Intermediate crude oil deemed gravity 40 API at the Contract Price. The Contract Price shall be derived from the Index, as adjusted by the price submitted by Counterparty via the website. The term of the Transaction shall be from the Effective Date to the Termination Date. The Effective Date is [day/month/year]. The Termination Date is [day/month/year]. The Transaction is for delivery to the Cushing, Oklahoma U.S.A. TEPPCO Crude Pipeline, L.P. The Index for each calendar month shall be the difference between (i) the mean of the daily first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments section of Platt's Oilgram Price Report for those issues published for such month, minus (ii) the average of the mean of the daily quotations for WTI Midland under the heading "U.S. $/Bbl" in the Crude Price assessments section of Platt's Oilgram Price Report for those issues published for the applicable calendar month. The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency. The unit of measure in which the price is quoted is in Barrels per day and the quantity shown shall be in Barrels per day. ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ --------------------------------------------------------------------------- Other Index options that may be used with this product type are as follows: The Index for each calendar month shall be the difference between (i) the mean of the daily first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments section of Platt's Oilgram Price Report for those issues published for such month, minus (ii) the average of the mean of the daily quotations for Bonito under the heading "U.S. $/Bbl" in the Crude Price assessments section of Platt's Oilgram Price Report for those issues published for the applicable calendar month. The Index for each calendar month shall be the difference between (i) the mean of the daily first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments section of Platt's Oilgram Price Report for those issues published for such month, minus (ii) the average of the mean of the daily quotations for WTS under the heading "U.S. $/Bbl" in the Crude Price assessments section of Platt's Oilgram Price Report for those issues published for the applicable calendar month. The Index for each calendar month shall be the difference between (i) the mean of the daily first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments section of Platt's Oilgram Price Report for those issues published for such month, minus (ii) the average of the mean of the daily quotations for LLS under the heading "U.S. $/Bbl" in the Crude Price assessments section of Platt's Oilgram Price Report for those issues published for the applicable calendar month. The Index for each calendar month shall be the difference between (i) the mean of the daily first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments section of Platt's Oilgram Price Report for those issues published for such month, minus (ii) the average of the mean of the daily quotations for HLS under the heading "U.S. $/Bbl" in the Crude Price assessments section of Platt's Oilgram Price Report for those issues published for the applicable calendar month. The Index for each calendar month shall be the difference between (i) the mean of the daily first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments section of Platt's Oilgram Price Report for those issues published for such month, minus (ii) the average of the mean of the daily quotations for Wyo. Sweet under the heading "U.S. $/Bbl" in the Crude Price assessments section of Platt's Oilgram Price Report for those issues published for the applicable calendar month. The Index for each calendar month shall be the difference between (i) the mean of the daily first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments section of Platt's Oilgram Price Report for those issues published for such month, minus (ii) the average of the mean of the daily quotations for Eugene Island under the heading "U.S. $/Bbl" in the Crude Price assessments section of Platt's Oilgram Price Report for those issues published for the applicable calendar month. The Index for each calendar month shall be the difference between (i) the mean of the daily first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments section of Platt's Oilgram Price Report for those issues published for such month, minus (ii) the average of the mean of the daily quotations for Mars under the heading "U.S. $/Bbl" in the Crude Price assessments section of Platt's Oilgram Price Report for those issues published for the applicable calendar month. The Index for each calendar month shall be the difference between (i) the mean of the daily first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments section of Platt's Oilgram Price Report for those issues published for such month, minus (ii) the average of the mean of the daily quotations for Kern Riverunder the heading "U.S. $/Bbl" in the Crude Price assessments section of Platt's Oilgram Price Report for those issues published for the applicable calendar month. The Index for each calendar month shall be the difference between (i) the mean of the daily first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments section of Platt's Oilgram Price Report for those issues published for such month, minus (ii) the average of the mean of the daily quotations for ANS(Cal) under the heading "U.S. $/Bbl" in the Crude Price assessments section of Platt's Oilgram Price Report for those issues published for the applicable calendar month. The Index for each calendar month shall be the difference between (i) the mean of the daily first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments section of Platt's Oilgram Price Report for those issues published for such month, minus (ii) the average of the mean of the daily quotations for Basrah Lt under the heading "U.S. $/Bbl" in the Crude Price assessments section of Platt's Oilgram Price Report for those issues published for the applicable calendar month. The Index for each calendar month shall be the difference between (i) the mean of the daily first line quotations for WTI/(MONTH) under the heading "U.S. $/Bbl" in the Crude Price Assessments section of Platt's Oilgram Price Report for those issues published for such month, minus (ii) the average of the mean of the daily quotations for Poseidon under the heading "U.S. $/Bbl" in the Crude Price assessments section of Platt's Oilgram Price Report for those issues published for the applicable calendar month.
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