• CMS Energy Corp., Dearborn, Mich., will sell its exploration and production unit, CMS Oil and Gas Co., for approximately $232 million to Perenco SA. Assets are in the Permian Basin of west Texas and internationally in Cameroon, the Congo, Colombia, Eritrea, Tunisia and Venezuela, and include 3,445 wells that produced 12.1 million BOE and 26.5 billion cu. ft. of gas last year. Estimated proved reserves are 248 million BOE. CMS is negotiating the sale of its Colombia assets to another party. • Devon Energy Corp., Oklahoma City, has sold $1.243 billion in properties in the U.S., Canada and Indonesia. U.S. assets sold include proved reserves of 113 million BOE for $732 million in the Permian Basin, Midcontinent and Gulf Coast areas and the Raton Basin. Canadian proved reserves sold total 41 million BOE for $249 million. Indonesian proved reserves sold total 80 million BOE for $262 million. • Chesapeake Energy Corp., Oklahoma City, has acquired Canaan Energy Corp., Oklahoma City, for $118 million, adding 100 billion cu. ft. of gas equivalent of proved reserves in the Midcontinent region. • Shell Overseas Holdings Ltd. has sold its 1.8 million shares of Apache Corp., Houston, for approximately $104 million. Shell acquired the stock as part of it and Apache's joint acquisition of New Zealand's Fletcher Challenge Energy, which had assets in Canada, Argentina, Brunei and New Zealand. Apache gained the Canadian and Argentine assets. • Plantation Petroleum Holdings LLC has acquired Maynard Oil Co., Dallas, for $17 per share of Maynard for a deal value of $83 million. Maynard's interests in the Rockies and Louisiana contain proved reserves of 11 million bbl. of oil and 30.8 billion cu. ft. of gas. • Denbury Resources Inc., Dallas, has acquired Coho Energy Inc.'s Gulf Coast properties from bankruptcy court for $50.3 million. The assets consist of interests in 10 fields: eight in Mississippi and two in Texas. The Mississippi fields include interests in the Brookhaven, Laurel, Martinville, Soso and Summerland fields, with operational control and working interests in excess of 90%, plus interests in the smaller Bentonia, Cranfield and Glazier fields. The assets produce 4,000 to 4,500 bbl. of oil per day and include proven reserves estimated at approximately 14.4 million bbl. of oil, net. Denbury may consider selling a portion of the properties later. Additionally, Denbury plans to acquire nearly all of the working interest in the McComb Field in southwestern Mississippi for $2.5 million and additional 15% consideration of the sales price per barrel of oil that exceeds $22 per barrel, not to exceed $0.75 per barrel. Recoverable oil from the field is estimated between 15- and 20 million bbl., net.