Re: Credit Approval Request

Doug,

Another example of the "data integrity" issues Bill and I referred to
previously. Before setting up either of the CrossTimbers companies, we would
expect and recommend a thorough review of the booking of their existing
trades, from TAGG deal entry through Sitara/CPR and Unify.

Regards,
Debbie

From: Douglas Fuehne@ENRON on 01/16/2001 10:39 AM
To: William S Bradford/HOU/ECT@ECT
cc: Jason R Williams/NA/Enron@ENRON, Debbie R Brackett/HOU/ECT@ECT, Deana
Fortine/Corp/Enron@ENRON, Andrea Crump/NA/Enron@ENRON, James
Whitehead/Corp/Enron@ENRON
Subject: Re: Credit Approval Request - CommodityLogic

Please Consider Cross Timbers Oil Company for CL application

Also, for our information, both Cross Timbers Oil Company and Cross Timbers
Energy Services have transactions booked on our systems.

Cross Timbers Oil Company
Prior Month's Gas (Early Pay) $6,505,113.57
Current Month's Gas (Pre-Pay) $14,506,601.59
Contracted Future Gas Delivery $93,851,244.49

Cross Timbers Energy Services
Prior Month's Gas (Early Pay) $636,838.74
Current Month's Gas (Pre-Pay) $228,130.60
Contracted Future Gas Delivery -0-

Are the deals with CTES booked incorrectly? The numbers for prior month
are coming from Unify, and the current month are coming from CPR

doug

William S Bradford@ECT
01/16/2001 09:03 AM
To: Andrea Crump/NA/Enron@ENRON, Jason R Williams/NA/Enron@ENRON
cc: Debbie R Brackett/HOU/ECT@ECT, Douglas Fuehne/NA/Enron@ENRON, Deana
Fortine/Corp/Enron@ENRON

Subject: Re: Credit Approval Request - CommodityLogic

Please direct approval requests through Jay Williams and copy Debbie and I.

Southwest Royalties should be rejected due to credit quality and Cross
Timbers Energy Services, Inc. should not be approved but we would be willing
to consider Cross Timbers Oil Company. All purchases should be directly with
Cross Timbers Oil Company with no transactions with Energy Services.

Bill

Andrea Crump@ENRON
01/16/2001 09:01 AM
To: William S Bradford/HOU/ECT@ECT
cc: Debbie R Brackett/HOU/ECT@ECT, Douglas Fuehne/NA/Enron@ENRON, Deana
Fortine/Corp/Enron@ENRON
Subject: Credit Approval Request - CommodityLogic

Hello,

Please review the attached spreadsheet for the outstanding credit approval
requests for the Financial Management module of CommodityLogic.

1/08/01 Southwest Royalties, Inc. (CPID- 2912)
1/16/01 Cross Timbers Energy Services, Inc. (CPID - 29765)

Please reply with the credit status as soon as possible, in order to complete
the application process.

Thank you,
Andrea
Product Control Group - CommodityLogic
x54420