Thank You.

-----Original Message-----
From: Smith, Matt 
Sent: Monday, November 19, 2001 7:33 AM
To: Tholt, Jane M.
Subject: good morning


I tried calling but noone picked up the phone.  Anyway, I just wanted to check and make sure you don't have any questions about running keystone and socal.  Generally, I put them out there initially with a 2 cent two way until the market gets moving a bit and then tighten keystone up to 1 or 1.5 cents.  All the products should be set to offset to last trade(usually a penny).  Then I just adjust the offset depending on how fast I think the market is moving.  The market tends to get really slow by 9:15, so by then, I'm back to a 2 cent two-way at keystone and a 3 cent two-way at the border.  These markets will still be tighter than ICE.  Also just a reminder, we have 8000 of the Waha gas to sell to the Texas desk.  All transport should be in position already.  Jason may talk to you about moving some of his transport out of Keystone, but not likely.  I would expect that we would probably want to go about 50,000 long for tuesday and then wednesday.  Check with Patti regarding the injection capacity since Socal raised it this weekend and there may be other changes to the schedule.  I'm available for any questions on my cell phone...832-444-7702. 
 
Have fun,
 
Mat