Exhibit 23.03
                              
                  DeGolyer and MacNaughton
                      One Energy Square
                    Dallas, Texas  75206
                              
                      January 11, 1999


Enron Oil & Gas Company
1400 Smith Street
Houston, Texas 77002

Gentlemen:

     Pursuant to your request, we have prepared estimates of
the proved oil, condensate, natural gas liquids, and natural
gas reserves, as of December 31, 1998, of certain selected
properties in the United States, Canada, and Trinidad owned
by Enron Oil & Gas Company (Enron). The properties consist
of working interests located in California, New Mexico,
Texas, Utah, and Wyoming and in the offshore waters of
Texas, Louisiana, and Alabama, in Saskatchewan, Canada, and
in the offshore waters of Trinidad.  The estimates are
reported in detail in our "Report as of December 31, 1998,
on Proved Reserves of Certain Properties in the United
States owned by Enron Oil & Gas Company - Selected
Properties," our "Report as of December 31, 1998, on Proved
Reserves of Certain Properties in Canada owned by Enron Oil
& Gas Company - Selected Properties," and our "Report as of
December 31, 1998, on Proved Reserves of the Kiskadee Field,
Offshore Trinidad for Enron Oil and Gas Company,"
hereinafter  collectively referred to as the "Reports."  We
also have reviewed information provided to us by Enron that
it represents to be Enron's estimates of the reserves, as of
December 31, 1998, for the same properties as those included
in the Reports.

     Proved reserves estimated by us and referred to herein
are judged to be economically producible in future years
from known reservoirs under existing economic and operating
conditions and assuming continuation of current regulatory
practices using conventional production methods and
equipment. Proved reserves are defined as those that have
been proved to a high degree of certainty by reason of
actual completion, successful testing, or in certain cases
by adequate core analyses and electrical-log interpretation
when the producing characteristics of the formation are
known from nearby fields. These reserves are defined areally
by reasonable geological interpretation of structure and
known continuity of oil- or gas-saturated material. This
definition is in agreement with the definition of proved
reserves prescribed by the Securities and Exchange
Commission.

     Enron represents that its estimates of the proved
reserves, as of December 31, 1998, net to its leasehold
interests in the properties included in the Reports are as
follows, expressed in thousands of barrels (Mbbl) or
millions of cubic feet (MMcf):

                                
Oil,                            
Condensate,                     Net
and                Natural      Equival
Natural Gas        Gas          ent
Liquids            (MMcf)       (MMcf)
(Mbbl)
                                
                                
                                
30,995          1,643,050      1,829,020
                                
                                

Note:  Net equivalent million cubic feet is based
       on 1 barrel of oil, condensate, or natural gas 
       liquids being equivalent to 6,000 cubic feet of gas.

     Enron has advised us, and we have assumed, that its
estimates of proved oil, condensate, natural gas liquids,
and natural gas reserves are in accordance with the rules
and regulations of the Securities and Exchange Commission.

     Proved reserves estimated by us for the properties
included in the Reports, as of December 31, 1998, are as
follows, expressed in thousands (Mbbl) or millions of cubic
feet (MMcf):
                                
Oil,                            
Condensate,        Natural      Net
and                Gas          Equival
Natural Gas        (MMcf)       ent
Liquids                         (MMcf)
(Mbbl)
                                
                                
                                
32,012           1,623,101     1,815,173
                                
                                

Note:  Net equivalent million cubic feet is based
       on 1 barrel of oil, condensate, or natural gas liquids
       being equivalent to 6,000 cubic feet of gas.


     In making a comparison o the detailed reserves
estimates prepared by us and by Enron of the properties
involved, we have found differences, both positive and
negative, in reserves estimates for individual properties.
These differences appear to be compensating to a great
extent when considering the reserves of Enron in the
properties included in our reports, resulting in
overall differences not being substantial. It is our
opinion that the reserves estimates prepared by Enron on the
properties reviewed by us and referred to above, when
compared on the basis of net equivalent million cubic feet
of gas, do not differ materially from those prepared by us.

                              Submitted,

                              DeGOLYER and MacNAUGHTON