I really need you guys to push this with urgency.

 -----Original Message-----
From: 	Dicarlo, Louis  
Sent:	Monday, March 25, 2002 11:23 AM
To:	Parks, Joe
Cc:	McMichael Jr., Ed; Garza, Maria; Tian, Yuan
Subject:	FW: EES Price, Basis and Index Positions (as of 03.22.01)

Joe, the EES book data is getting closer to what we need but not there yet.

Please discuss w/ EES Risk (Scott Mills?):
1) The Price (NG) positions are expressed in PV'd quantity.  We need this data in nominal form in order to place the appropriate number of contract hedges through our NYMEX broker.  
2) We need the NYMEX equivalent positions for basis so we can place NYMEX hedges as proxy for basis.

Maria has a call into Pat Ryder to determine whether the ENA Price positions are PV'd or nominal.  We may need those adjusted as well.

Please set up a meeting w/ Risk to discuss the concept of NYMEX equivalent basis contracts.  Include ENA and EES risk folks as well as me, Maria Garza, and Yuan Tian.  (Yuan is out today.)  As you commented, we need to determine that we agree with the methodology and conversion factor prior to including basis in the hedge quantity.

Thanks

 -----Original Message-----
From: 	Mills, Scott  
Sent:	Saturday, March 23, 2002 11:44 AM
To:	McMichael Jr., Ed; Parks, Joe; Dicarlo, Louis; Chilkina, Elena
Cc:	Ratliff, David; Draper, David
Subject:	EES Price, Basis and Index Positions (as of 03.22.01)

Attached is the information that we discussed last evening.

Please note the following -there are separate tabs for price, basis and index.
	The tabs that indicate "OXY II Only" are exactly that -the deals associated with the potential second bid from OXY for additional activity.
	The tabs that DO NOT indicate OXY II consolidate both the base keeper list + the OXY II activity.

If there is any doubt as to what you are looking at, check the first four lines or the worksheet.  There will be a designation of what is and is not included.

SRM

 << File: 03.22.01 Nesco (txt).xls >>