Message-ID: <26630101.1075842224470.JavaMail.evans@thyme> Date: Wed, 15 Nov 2000 04:04:00 -0800 (PST) From: gary.lamphier@enron.com To: dan.hyvl@enron.com Subject: Term Agreement for Diamond Shamrock Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Gary W Lamphier X-To: Dan J Hyvl X-cc: X-bcc: X-Folder: \Dan_Hyvl_Dec2000_June2001\Notes Folders\All documents X-Origin: HYVL-D X-FileName: dhyvl.nsf Dan, I do not think I requested this paper prior to now, so can yoiu please prepare. Meter is 1353 and address is: Diamond Shamrock Refining and Marketing Company P.O. Box 696000 San Antonio, TX 78269-6000 We may have a name change as I know Ultramar Diamond Shamrock is used at some locations. Any assignments? ---------------------- Forwarded by Gary W Lamphier/HOU/ECT on 11/15/2000 11:59 AM --------------------------- Enron North America Corp. From: Gary W Lamphier 11/15/2000 10:28 AM To: Gary W Lamphier/HOU/ECT@ECT cc: "Peugh, Bob" @ ENRON Subject: RE: Term Agreement Bob, My contract admin approached me today and asked why we had no paper on UDS and I realized we have never completed paperwork on our agreed to transaction. Here is what I will have prepared for you today: Term: August 1, 2000 - July 31, 2001 Price: 9,000 mmbtu per day priced @ IF-HSC less (.01) excess over 9,000 mmbtu per day priced at Gas Daily less (.01) two days after flow less than 9,000 mmbtu per day bought back @ Gas Daily Katy low two days after flow Let me know, Gary Enron North America Corp. From: Gary W Lamphier 07/25/2000 12:46 PM To: "Peugh, Bob" @ ENRON cc: Gary W Lamphier/HOU/ECT@ECT Subject: RE: Term Agreement Bob, Hope your vacation was great. I was up in Michigan and had a great time. There are a couple issues still to be worked out on the contract. Please let me know and I will get an agreement drawn up. 1) Baseload Volume - Based on historicals your average is roughly 9,000 mmbtu/d with swing from 6,000 - 12,000 We can work this two ways: 1) Use 9,000 per day as baseload with swings priced @ a GD and undertakes bought back at a GD 2) You can nominate some number between 6,000 and 12,000 prior to bid week and this becomes your baseload number. With swings priced @ a GD and undertakes bought back at a GD 2) Gas Daily price - Since this is no notice swing we use HSC GD mid less (.01) for all takes over baseload quantity two days after flow. If you take less than baseload quantity we buy this back at Katy GD low two days after flow. The two day after price is used in order to line up volumes with cash price. I would find out on the day after flow of your excess take and then pay the next days price to meet your needs, hence two days after. 3) Term would be one year out of August 2000 with evergreen clause (automatically extends month ot month) with 30 day written notice of cancellation during evergreen term Give me your input. Thanks Again! "Peugh, Bob" on 06/23/2000 05:42:48 PM To: "'Enron - Gary Lamphier'" cc: Subject: RE: Term Agreement Let's go with the IF baseload/GD swing formula approach for July forward. I am on vacation; will talk to you week of July 3 to finalize any details. > ---------- > From: Gary.W.Lamphier@enron.com[SMTP:Gary.W.Lamphier@enron.com] > Sent: Friday, June 23, 2000 9:00 AM > To: L91179@udscorp.com > Subject: Term Agreement > > > Bob, > Based on your current load and swing profile our offer to you is going to > change. > > Here is my proposal based on current prices. This will change as the > screen changes. > > I can sell you Baseload volumes only @ IF-HSC less (.01) > If you swing above your baseload amount I will sell that portion @ GD - > HSC > less (.01) > If you swing below I will buy back at a GD price or have some end of the > month settlement. > > For a full requirements load with no minimum or no maximum it would be I > +.035 > (or our transport book values your swing load at .045 based on storage > charges) > > Right now Bob floors have much value with minimum risk. > So I can offer you a full requirements load with no minimum or maximum > with > a floor of > $2.50 at IF - HSC flat or a floor of $2.80 at IF-HSC less (.03). > > Please give me some feedback so I have information to share with the > Transport Desk. > > Thanks, > > Gary >