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Enron Mail |
Cheryl
OK, once I get final confirmation from you on the term of the associated gas purchase contract and the MDQ, Gerald and I will call Ed Wick and finalize the deal. I do know that he wants the term to be shorter than 5 years (he wants 2 or 3 years evergreen) but we'll see what we can do. Thanks. Eric Gillaspie 713-345-7667 Enron Building 3886 Cheryl Lantz Marshall 06/08/2000 03:23 PM To: Eric Gillaspie/HOU/ECT@ECT cc: Gerald Nemec/HOU/ECT@ECT Subject: Re: Chevron Compression deal (1) - Let's try to make the term consistent with the gas purchase agreement. The contract number is 12-83789-101 with States Inc., and the term was initiated on 1/1/98 and runs through 12/31/03. I am double checking with Melissa Graves on this. (2) The MDQ of 500 sounds OK. I checked with Robert Cook, and the well is only producing 100/day. We are also checking with the operator to confirm future activity. Eric Gillaspie 06/01/2000 04:40 PM To: Cheryl Lantz Marshall/HOU/ECT@ECT cc: Gerald Nemec/HOU/ECT@ECT Subject: Chevron Compression deal Cheryl, FYI. Gerald & I met with Ed Wick at Chevron today and went through the logistics of the deal. I believe we had a meeting of the minds & he has agreed to use our form with some changes that we are fine with. We have promised to get him a copy of the new compression deal by early next week. There are a few changes that Wick desires that are a business decision that we need confirmation on. He wants to: (1) Change the term from 3 years+evergreen to 2 years+evergreen? (2) Is a MDQ of 500 MCF/Day acceptable? ( He stated that we are currently flowing 50 MCF/day) I have made the requested changes to the attached document. Please review and forward me your comments as well as confirmation on the 2 questions above. That is of course once you return from Boston............. Hope you had a good trip....and welcome back, Eric Gillaspie 713-345-7667 Enron Building 3886
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