California Market in 2000/2001

Supply Area

$6.32/MMBtu

Demand Area

$14.42/MMBtu

Pipeline

Transportation Charges - $0.40

Marketer Sells Gas to End-User $14.42/MMBtu

Marketer Buys Gas (6.32/MMBtu)

Marketer Pays for Transportation (0.40/MMBtu)

Marketer’s Profit $7.70/MMBtu

Source: Platts (October 2000 – February 2001)

West TX/New Mexico

SOCAL Border

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