Marie/Mary/Carol  Set forth below is the list of counterparties with whom I have been involved with regarding the implementation of netting arrangements and the status.
Green represents completed arrangements   and red represents those arrangements under progress.
Coastal States Trading-	Executed by both parties.
(payment and close-out netting) ConAgra-	            	Executed by both parties.
(Master Crude Oil P&S with CSA) Conoco- 			Executed by both parties.
(only payment netting) Crown Central-		Executed by both parties.
(only payment netting) Louis Dreyfuss-		Forwarding our Master Liquids documentation for their review.
(request 				made for NGL Master Purchase and Sale Agreement) Morgan Stanley- 		Executed by both parties.
(only close-out netting) Navajo-			Requesting Navajo to review our standard payment netting document.
(request for crude oil payment netting) Richardson-			Richardson has requested payment netting of invoices for NGL 					transactions, but may be content to proceed with Master Netting 					Agreement.
Marie Heard will inform me if I need to carry this forward.
Sunoco-			Executed by both parties.
(only payment netting) Unocal- 			Form of document agreed.
(only crude payment netting) Valero-			Executed by both parties.
(only payment netting) Williams-			Documents for crude oil payment netting agreed and being prepared for 				execution.
Jeff Hodge is proceeding with a Master Netting Agreement.
Please let me know if you have any comments or questions.
John

Status of Agreements
Marie/Mary/Carol Set forth below is the list of counterparties with whom I have been involved with regarding the implementation of netting arrangements and the status.
Green represents completed arrangements and red represents those arrangements under progress.
Coastal States Trading- Executed by both parties.
(payment and close-out netting) ConAgra- Executed by both parties.
(Master Crude Oil P&S with CSA) Conoco- Executed by both parties.
(only payment netting) Crown Central- Executed by both parties.
(only payment netting) Louis Dreyfuss- Forwarding our Master Liquids documentation for their review.
(request made for NGL Master Purchase and Sale Agreement) Morgan Stanley- Executed by both parties.
(only close-out netting) Navajo- Requesting Navajo to review our standard payment netting document.
(request for crude oil payment netting) Richardson- Richardson has requested payment netting of invoices for NGL transactions, but may be content to proceed with Master Netting Agreement.
Marie Heard will inform me if I need to carry this forward.
Sunoco- Executed by both parties.
(only payment netting) Unocal- Form of document agreed.
(only crude payment netting) Valero- Executed by both parties.
(only payment netting) Williams- Documents for crude oil payment netting agreed and being prepared for execution.
Jeff Hodge is proceeding with a Master Netting Agreement.
Please let me know if you have any comments or questions.
John
invoices ngl master crude know comments questions netting agreement conagra executed parties red represents mary carol set williams documents progress coastal states dreyfuss forwarding