RE: good morning

Thank You.

-----Original Message-----
From: Smith, Matt=20
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 ch=
eck and make sure you don't have any questions about running keystone and s=
ocal. Generally, I put them out there initially with a 2 cent two way unti=
l the market gets moving a bit and then tighten keystone up to 1 or 1.5 cen=
ts. 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 ba=
ck to a 2 cent two-way at keystone and a 3 cent two-way at the border. The=
se markets will still be tighter than ICE. Also just a reminder, we have 8=
000 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 wa=
nt to go about 50,000 long for tuesday and then wednesday. Check with Patt=
i regarding the injection capacity since Socal raised it this weekend and t=
here may be other changes to the schedule. I'm available for any questions=
on my cell phone...832-444-7702.=20
=20
Have fun,
=20
Mat