Message-ID: <24750300.1075860886429.JavaMail.evans@thyme> Date: Thu, 1 Feb 2001 23:39:00 -0800 (PST) From: diane_corbett@eott.com To: randy.lagrimini@enron.com, khyatt@enron.com Subject: Historic Butane/Propane Value as Gas Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Diane_Corbett X-To: Randy.Lagrimini , Khyatt X-cc: X-bcc: X-Folder: \Kevin_Hyatt_Mar2002\Hyatt, Kevin\Projects\McKinley X-Origin: Hyatt-K X-FileName: khyatt (Non-Privileged).pst Randy and Kevin - I missed the conference call a few days ago as I was on vacation. I understand that the question of future price spread between gas and liquids is still a key issue. For what it is worth, below is a look at spreads during last couple of years. Please let me know if I can try to help with this. ----- Forwarded by Diane Corbett/Long_Beach/Eott on 02/01/01 05:30 PM ----- Diane Corbett To: Larry Garrett/Long_Beach/Eott@Eott, Bob 01/17/01 Jacobs/Long_Beach/Eott@Eott, Rick Suderman/Bakersfield/Eott@Eott 05:39 PM cc: Subject: Historic Butane/Propane Value as Gas Larry - thanks for 1999 and 2000 Conway and Belvieu prices. Attached is the rest of the story. Compares those historic prices with equivalent value of liquids as gas based on historic gas (Calif Socal Border) prices. As we suspected, values are negative (i.e. less value as gas) up until recently and then the numbers turn very positive. i.e. Needles blending project does not work on historic liquids/gas prices but certainly works now. Therefore, back to the question of what is price forecast or spreads we can lock into. I have been given a contact on the Enron gas desk that maybe able to help. (See attached file: OPISPROBUTAVG.xls) - OPISPROBUTAVG.xls