Charlie,

They basically want to fix the NYMEX and Basis for a potential VPP transaction.

This is pretty straight forward.  Just set up swap model, one for each of the points listed below.  Use the indicated 5,000 mmbtu/d as the volume.  It will be a 10 year deal, with the quotes split out for each of the first 5 years and then one number for the tail.

This would be a good one to talk to Dutch about (individual yearly quotes vs. one swap quote).  We might also want to have the same discussion with the basis traders.

Tenn (S.Brawner)- we need to know which leg (assume for now Zone L-500 leg)
Ship (Eric Bass) - is Houston Ship Channel
TETCO STX (S.Brawner)
Transco Z1 (S.Brawner)

Once you have the model built let me know and this afternoon we can talk to the traders.

Eric


 -----Original Message-----
From: 	Quick, Joan  
Sent:	Thursday, May 24, 2001 3:29 PM
To:	Boyt, Eric
Cc:	Kalb, Thomas; Jain, Avinash
Subject:	Very Notional Gas Basis Bids for Abraxas


Eric,

We are doing our first preliminary look at a VPP with Abraxas.  Please provide me with very notional gas basis numbers for the below  points.  I will have more to add, but it will be next week.  If I could get bids by year for the first five yrs, then one number for yrs 6 thru 10, that would be great.  I don't know what the vol will be...just assume 5,000 MMBtu/d.

Tenn [TX]
Ship
TETCO [S TX]
Transco zn 1 [pooling point]

thanks
joan