Phoenix Associates Land Syndicate (fka PBLSQ)

[kelly leak]

Who is ProGas, Inc.?
ProGas is a full service natural gas and crude oil marketing company providing supply, management and marketing services to producers,consumers, and wholesale markets in the eastern United States for over 10 years. Headquartered in Covington, Louisiana, ProGas also has an office in Houston, Texas. Utilizing our experience,industry contacts, business relationships and market and credit monitoring capabilities; ProGas offers its customers reliable marketing,transportation and supply services. ProGas strives to provide our clients access to the most current and proven market strategies. Whether its pricing and marketing support, or pipeline and transportation services, or providing administrative and reporting assistance; ProGas will customize whatever support package our clients need. By satisfying our customer's requirements, we seek to build customer confidence, loyalty and trust that will ultimately lead to long term business relationships. Our experienced staff is available 7 days a week and 24 hours a day to meet the needs of our clients.


For The Producer
ProGas purchases and markets natural gas throughout the eastern United States on both interstate and intrastate pipelines. Through personalized and individualized service, ProGas provides:
Gas Management

ProGas will manage a portion or all of a customer's natural gas production. We currently manage over 12.8 Bcf of producer's gas annually. ProGas's natural gas management staff offers professional, proven, and reliable outsourcing solutions for producers.


Marketing

ProGas utilizes a variety of pricing options in order to maximize sales prices and minimize pricing risks. For example, pricing strategies would include, but not be limited to,utilizing the NYMEX,cash markets, netback agreements,fixed prices; index based pricing and other appropriate options. Our experienced marketing staff will assist you by using both fundamental and technical data in providing creative solutions for your company.
For The Consumer

ProGas offers your company the convenience of purchasing its requirements from a single supplier. Long term or monthly supply is available on nearly all the interstate pipelines servicing the Eastern United States.The annual volume of crude oil marketed is about 365,000 bbls/year. We also provide our customers with a wide variety of management and administrative services.


For the Oil Producer
ProGas will work on behalf of the producer to obtain the highest possible lease sales price from credit worthy buyers. If needed, ProGas can also provide logistical trading support and design price hedging strategies as appropriate. Experience in the international markets also allows us to assist producers with international interests.
For both Oil & Gas Producers
ProGas is set up to pay royalties and to file and pay severance taxes in several states. ProGas is knowledgeable in preparing, completing and filing producer/operator reports and can assist our clients in whatever their administrative needs might be.


Consulting Support
ProGas can provide clients with consulting support in areas such as: contractual disputes over terms and pricing matters; disagreements concerning royalty payments to other interest owners, the MMS and the state; and all other matters related to oil and gas marketing. Whether it is just data and document research, or deposition monitoring or giving expert witness testimony in court; ProGas has the experience to satisfy our client's needs.
Pricing Options
Spot and/or Term

ProGas offers fixed, index-based, and NYMEX instruments such as hedging, forward pricing, and straddle strategies.




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