Enron Mail

From:george.weissman@enron.com
To:judy.townsend@enron.com
Subject:St. Mary's Production LLC VPP
Cc:susan.pereira@enron.com, gary.bryan@enron.com, eric.moon@enron.com,john.griffith@enron.com, eric.wardle@enron.com, linda.roberts@enron.com, jill.zivley@enron.com, melissa.graves@enron.com, bob.hall@enron.com, lia.halstead@enron.com, william.kelly@en
Bcc:susan.pereira@enron.com, gary.bryan@enron.com, eric.moon@enron.com,john.griffith@enron.com, eric.wardle@enron.com, linda.roberts@enron.com, jill.zivley@enron.com, melissa.graves@enron.com, bob.hall@enron.com, lia.halstead@enron.com, william.kelly@en
Date:Wed, 27 Dec 2000 00:17:00 -0800 (PST)

Judy,

Confirming our telephone conversation of this morning, please convert the gas
daily volume of 1,157 Mmbtu/d for 1/2001 on ticket 541140 (intra-desk) to an
increased volume of 2,434 Mmbtu/d for 1/2001 at Index plus $0.005.

With respect to the Wellhead Desk/St. Mary's ticket, please also convert the
gas daily volume of 1,157 Mmbtu/d for 1/2001 on ticket 540814 to an increased
volume of 2,434 Mmbtu/d for 1/2001 at Index plus $0.0025.

Currently, the volumes are split 50-50 between meters 9437 and 9502. We
actually expect 87% of the volume at meter 9437 and 13% of the voume at meter
9502.

George x3-6992


---------------------- Forwarded by George Weissman/HOU/ECT on 12/27/2000
07:59 AM ---------------------------

Enron North America Corp.

From: George Weissman 12/20/2000 09:01 AM


To: Eric Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron
cc: Gary Bryan/HOU/ECT@ECT, Eric Wardle/HOU/ECT@ECT, Linda
Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Lia Halstead/NA/Enron@ENRON,
William Kelly/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA

Eric (Moon) and John, attached are the tickets for the physical part of the
Preston VPP deal. Please work with Will Kelly to have them entered into
Sitara and provide me with the deal numbers.

Eric (Wardle), we'll need to get contract numbers established for the
Counterparty Firm Agreement (ECT Merchant Investments) and the Counterparty
Spot Agreement (St. Mary's Production LLC). Have either of these agreements
yet been executed? If not, should we generate a spot gtc for the St. Mary's
spot production?

George x3-6992


---------------------- Forwarded by George Weissman/HOU/ECT on 12/20/2000
08:31 AM ---------------------------

Enron North America Corp.

From: George Weissman 12/19/2000 08:03 AM


To: Eric Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron
cc: Gary Bryan/HOU/ECT@ECT, Eric Wardle/HOU/ECT@ECT, Linda
Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA

Eric & John

ECT Merchant Investments Corp. has entered into a Volumetric Production
Payment agreement with St. Mary's Production LLC which provides for the
dedication of St. Mary's non-operated gas production from the Hunt Oil
Company operated Myette Point Northwest Field. ECT Merchant Investments
Corp. has arranged for the Enron North America Upstream Wellhead Desk to
manage the sale, nomination and transport of this production.

Could you please get us a quote to purchase this wellhead gas on a firm basis
based on the following:

a. 18 month term commencing 1/1/2001 and ending 6/30/2003

b. firm purchase and firm transport for 90% of the wellhead volume, starting
at 90% of 11,567 per day and declining as defined on the last tab labelled
"Volume" on the spreadsheet attached

c. gas daily purchase and interruptible transport for the remaining 10% of
the wellhead volume

Enron Upstream will keep the desk financially whole should volumes for the
90% firm component fail to show up on any given day of the 18 month term

Drafts of proposed Deal Tickets are attached.


George x3-6992