This note is to inform you that PIRA has commenced its study of the third=
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region: California & the Southwest. As in all regions, this study begins=
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with a fundamental view of gas flows in the U.S. and Canada. Pipelines in=
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this region (covering CA, NV, AZ, NM) will be discussed in greater detail=
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within the North American context. Then we turn to the value of =20
transportation at the following three major pricing points with an assessme=
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of the primary market (firm), secondary market (basis) and asset market:
??????1) Southern California border (Topock)
??????2) San Juan Basin
??????3) Permian Basin (Waha)?
The California/SW region=01,s workshop =01* a key element of the service =
=01* will=20
take place on March 20, 2000,at 8:30 AM, at the Arizona Biltmore Hotel in =
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Phoenix.?For those of you joining us, a?discounted block of rooms is bei=
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held through February 25.
The attached prospectus explains the various options for subscribing.?Plea=
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note two key issues in regards to your subscribing options:?One, there is =
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10% savings for PIRA retainer clients who order before February 25, 2000;=
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and?two, there are discounts for purchasing?more than one region.