Message-ID: <32415330.1075857655843.JavaMail.evans@thyme> Date: Sat, 24 Feb 2001 05:03:00 -0800 (PST) From: john.arnold@enron.com To: stephen.piasio@ssmb.com Subject: Re: FW: 2001 Natural Gas Production and Price Outlook Conference Call Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: John Arnold X-To: "Piasio, Stephen [FI]" @ ENRON X-cc: X-bcc: X-Folder: \John_Arnold_Jun2001\Notes Folders\'sent mail X-Origin: Arnold-J X-FileName: Jarnold.nsf Appreciate the opportunity to listen in. I was unable to view the slide show though. Can you either email or mail it to me. Thanks, John "Piasio, Stephen [FI]" on 02/23/2001 08:09:13 AM To: cc: Subject: FW: 2001 Natural Gas Production and Price Outlook Conference Call > <<...OLE_Obj...>> > > 2001 Natural Gas Production and Price Outlook Conference Call > > > <<...OLE_Obj...>> Salomon Smith Barney <<2001 Natural Gas Conference > Call.doc>> > Energy Research Group > Analyst Access Conference Call > > 2001 Natural Gas Production and Price Outlook > Hosted by: > Bob Morris and Michael Schmitz > Oil and Gas Exploration & Production Analysts > > Date & Time: > FRIDAY (February 23rd) > 11:00 a.m. EST > > Dial-in #: > US: 800-229-0281 International: 706-645-9237 > > Replay #: (Reservation: x 819361) > US: 800-642-1687 International: 706-645-9291 > > Accessing Presentation: > * Go to https://intercallssl.contigo.com > * Click on Conference Participant > * Enter Event Number: x716835 > * Enter the participant's Name, Company Name & E-mail address > * Click Continue to view the first slide of the presentation > > Key Points: > 1. Natural gas storage levels appear to be on track to exit March at > roughly 700-800 Bcf, compared with just over 1,000 Bcf last year at the > end of the traditional withdrawal season. > 2. Meanwhile, domestic natural gas production should rise 3.0-5.0% this > year, largely dependent upon the extent of the drop in rig efficiency, or > production added per rig. > 3. Nonetheless, under most scenarios, incorporating numerous other > variables such as the pace of economic expansion, fuel switching and > industrial plant closures, it appears that storage levels at the beginning > of winter will be near or below last year's 2,800 Bcf level. > 4. Thus, it appears likely that the "heat" will remain on natural gas > prices throughout 2001. > 5. Consequently, we believe that many E&P shares will post solid gains > again this year, spurred largely by mounting confidence in the > sustainability of strong natural gas prices. > > - 2001 Natural Gas Conference Call.doc