
Date: Wed, 23 Aug 2000 01:24:00 -0700 (PDT)
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

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





