1234567891011121314151617181920212223242526272829303132333435363738394041 |
- Subject: re : meter 984229 - roos common point - trade zone 18
- mary ,
- hplc meter number 0984229 was physically remove from service in december ,
- 1999 . typically , before hpl physically pulls a meter , production has ceased
- at minimum for 6 months or the production has been released . in the case of
- the roos common point , the producing wells were released and attached to
- meter 0989740 in 11 / 98 and the remaining wells are non - producing .
- resultingly , the only viable option for resolution is option 2 . we should
- take the deal to zero by " unwinding " it .
- vlt
- x 3 - 6353
- mary poorman @ enron
- 10 / 24 / 2000 12 : 40 pm
- to : vance l taylor / hou / ect @ ect
- cc : katherine benedict / hou / ect @ ect , julie meyers / hou / ect @ ect , daren j
- farmer / hou / ect @ ect , pat clynes / corp / enron @ enron , robert cotten / hou / ect @ ect
- subject : re : meter 984229 - roos common point - trade zone 18
- vance :
- per our conversation , we have two possible options to resolve this deal ,
- depending on whether the wellheads are producing or not .
- producing : if that is the case , the purchase from calpine , and any contracts
- hedged to it will need to be backed up in the system to a wellhead level .
- once that is done , i will need to research in the system how those wellheads
- were allocated and paid and reallocate to your calpine deal . this will
- probably have to go back to hplc ' s ownership of hplr ' s gathering assets .
- non - producing : should we determine that the common point and any wells
- behind it have been shut - in , or p & a ' d , we will need to reallocate this deal
- to zero , and unwind any hedges against it ( or , move the hedges to another
- deal , if possible . since the deal is older , we probably sold lower priced
- contracts against the production and a buy - back today would possibly result
- in a financial loss ) .
- in either case , the deal needs to be cleaned up back to the date of last flow
- at meter 4229 , which i am currently looking into . i will email you as soon
- as i ascertain that date .
- in lieu of the past couple of days , we may need to look at all of the deals
- which were impacted by hplc ' s aquisition of hplr ' s gathering to ensure that
- they are being captured properly , both at a book level and at a state filing
- level . please let me know what your thoughts are as to how to accomplish
- this .
- thank you again for all of your hard work in this area ,
- mary
|