Message-ID: <23309643.1075863407104.JavaMail.evans@thyme>
Date: Tue, 23 Oct 2001 09:20:18 -0700 (PDT)
From: rebrooks@earthlink.net
To: rebrooks@rbac.com
Subject: GPCM News: 10/23/01: New Deepwater Gas Discovery: Cold Winter
 Forecast from Salomon
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: quoted-printable
X-From: "Robert E. Brooks" <rebrooks@earthlink.net>@ENRON
X-To: 'GPCM Distribution' <rebrooks@rbac.com>
X-cc: 
X-bcc: 
X-Folder: \VKAMINS (Non-Privileged)\Kaminski, Vince J\Deleted Items
X-Origin: Kaminski-V
X-FileName: VKAMINS (Non-Privileged).pst


New Deepwater Gulf Gas Discovery
=20
Kerr-McGee announced a new discovery of natural gas in their Redhawkprospec=
t in Garden Banks block 877 of the deepwater gulf.  Drilled to over 23,000 =
feet in 5,400 feet of water, this new discovery encountered more than 135 f=
eet of gas and gas condensate in two zones.  Kerr-McGee and Ocean Energy ea=
ch own 50% of Redhawk.  Current estimates of reserves in this prospect rang=
e between 300 and 500 BCF.  For more information see http://www.kerr-mcgee.=
com/news2001/102201.html .
=20
From http://www.enerfax.com :
Salomon Forecast Cold Winter
This winter will likely rank in the top third of the coldest in history for=
 the US, according to the winter forecast by Salomon Smith Barney. However,=
 the odds do not point to an exceptionally cold winter, such as one of the =
top 10 coldest, but that is not totally out of the question. The forecast i=
s based on a switch in the Pacific Decadal Oscillation in the northern Paci=
fic Ocean from a warm phase for sea surface temperatures, which tends to en=
courage mild winters, to a cold phase, which raises the likelihood of a col=
der-than-normal winter. Combined with neutral sea surface temperatures in t=
he equatorial Pacific Ocean in a year that did not feature an El Nino or La=
 Nina weather anomaly and an adequate pool of cold air in the northern hemi=
sphere, conditions are similar to those prevailing before last winter. Last=
 week, the National Oceanic and Atmospheric Administration winter forecast =
called for temperatures to be colder than normal in the Northeast, Upper Mi=
dwest, Great Lakes and Great Plains States, with heavy snow in many of the =
same areas.=20
Bob Brooks
GPCM Natural Gas Market Forecasting Systemhttp://gpcm.rbac.com=20