John,

FYI, we only hedged 85% due Credit Agreement limitations.

John

 -----Original Message-----
From: 	Melendrez, Jesus  
Sent:	Thursday, May 17, 2001 4:31 PM
To:	Josey, Scott; Thompson, C. John; Keel, Allan
Cc:	Mujumdar, Ravi
Subject:	FW: Hedge Recommendation

Mariner executed earlier today a gas swap at $4.43/MMBtu that results in Mariner being 85% hedged on PDP gas from June 01 to Dec. 02.  The hedged volumes where approximately 12,000/D from Jun 01 to Sept. 01 and 35,000/D from Oct. 01 to Dec 02.  

Thx, JGM

 -----Original Message-----
From: 	"Pici, Frank" <FPICI@mariner-energy.com>@ENRON [mailto:IMCEANOTES-+22Pici+2C+20Frank+22+20+3CFPICI+40mariner-energy+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Thursday, May 17, 2001 3:50 PM
To:	Melendrez, Jesus
Cc:	Calaway, Maureen; Harless, Greg
Subject:	Hedge Recommendation

Jesus,
Please print the two attached files, then have you and Ray sign the
signature page and fax it back to Greg Harless for our files.
Frank
 <<Hedge Recommendation 5-17-01.doc>>  <<HedgeVolRec051701.xls>>

p.s. Maureen - I will have Kimm bring the copy signed by Bob and me to you.


 - Hedge Recommendation 5-17-01.doc 
 - HedgeVolRec051701.xls