• Bonavista Energy Trust et al. have purchased British Columbia assets from Dominion, Richmond, Va., (NYSE: D) in five transactions for a total of C$584 million. The properties have annual production of approximately 30 billion cu. ft. of gas and were acquired by Dominion in 1999 as part of its purchase of Remington Energy Ltd. Dominion will use the proceeds to pay debt. • El Paso Corp., Houston, (NYSE: EP) reports acquisitions in East and South Texas totaling $211 million, adding 124 billion cu. ft. equivalent of proved reserves and 29 million equivalent per day of average net production. Some 59% of the reserves are proved undeveloped. Both acquisitions are being made by its El Paso Production Holding Co. business unit. In East Texas, the company will purchase privately held GMT with operations in Rusk and Shelby counties for approximately $179 million. The deal involves 52 wells and associated gathering infrastructure, and 20 million cu. ft. equivalent per day of production from the Cotton Valley and Travis Peak formations. El Paso will also acquire six additional wells that are currently being drilled or completed and 77 proved undeveloped locations. In South Texas, the company purchased assets in the Samano (Vicksburg) Field in Starr and Hidalgo counties for approximately $32 million. This acquisition includes 26 wells, which are producing approximately 9 million cu. ft. of gas equivalent per day, and the associated gathering system. • SKM Growth Investors, Dallas, a private-equity firm, has sold its investment in WG Energy to an undisclosed independent oil and gas company for approximately $83 million. WG Energy was founded in 2000 and has assets of long-lived oil and gas reserves, as well as acreage in North Texas and the Texas Panhandle. • Plains Exploration & Production Co., Houston, (NYSE: PXP) has completed the sale of various noncore properties offshore California and onshore South Texas for $139.9 million in cash. The company also expects to receive cash proceeds of $13.4 million from the auction of certain other properties in South Texas and New Mexico. These sales will complete the company's previously announced property divestiture program. Proceeds will be used to reduce bank debt. The California assets involved 11 platforms in federal and state waters and three related onshore facilities. The sale was for $112.5 million to privately held Dos Cuadras Offshore Resources LLC. Proved developed reserves at year-end 2003 were 26 million equivalent bbl.; proved undeveloped totaled approximately 10 million. Plains' offshore California operations now consist of its 52.6% interest in the Point Arguello Field and 100% interest in the Point Pedernales Field. The South Texas and New Mexico sales involved essentially all Plains' assets there, including year-end 2003 proven reserves of 5.6 million equivalent bbl., for $40 million. The properties included most of Plains' highest-cost and lowest-margin assets, representing about 11% of production and approximately 20% of total cash production expenses. • Petrohawk Energy Corp., Houston, (Nasdaq: HAWK) has sold royalty-interest properties to Noble Royalties Inc., Dallas, for $80 million in cash. The properties were acquired by Petrohawk as part of its acquisition of Wynn-Crosby Energy Inc. in November. The interests involve some 1,500 wells in various basins, mostly the Permian Basin. • Vintage Petroleum Inc., Tulsa, Okla., (NYSE: VPI) has acquired producing properties in Escambia County, Ala., from ExxonMobil Corp. for $76.4 million in cash. The acquisition includes 100% of ExxonMobil's interest in the Big Escambia Creek Field and gas-processing facility. The field produces approximately 1,920 BOE per day from the Smackover formation. • Delta Petroleum Corp., Denver, (Nasdaq: DPTR) has closed the acquisition of certain producing properties from privately held Manti Resources Inc., Corpus Christi, for $60.4 million. The purchase included proved reserves estimated at 32.5 billion cu. ft. of gas equivalent and current daily production of approximately 12 million equivalent per day. The acquired assets include a 94% working interest and operations of the Caballos Creek Field in Atascosa County, Texas, and a 98% working interest and operations of the Opossum Hollow Field in McMullen County, Texas. Delta also acquired an interest in the Baffin Bay Field in Kenedy County, Texas, including six gas-producing wells. • Clayton Williams Energy Inc., Midland, Texas, (Nasdaq: CWEI) has sold its interest in the Jo Mill Unit in Borden County, Texas, for $22.1 million in cash. This property was among assets acquired in May 2004 from Southwest Royalties. The company also sold substantially all of its interests in the Romere Pass Unit in Plaquemines Parish, La., for $8.2 million in cash. The company retained drilling rights to five locations in the unit, of which two are proved undeveloped and three are exploratory. Combined proceeds of $30.3 million were used to pay bank debt. Together, these properties contributed approximately 725 bbl. of oil and 840,000 cu. ft. of gas per day to the company's third-quarter 2004 production. • Whiting Petroleum Corp., Denver, (NYSE: WLL) has completed the acquisition of producing properties in Mississippi and Texas from two private sellers for $19 million. The Mississippi transaction includes proved reserves in the Lake Como Field in Jasper County, while in the Permian Basin of Texas, the company acquired an additional working interest in the Would Have Field in Howard County, increasing its average working interest in Would Have to approximately 86%. In the two deals, Whiting gains 14.7 billion cu. ft. equivalent of proved reserves at $1.29 per thousand cu. ft. equivalent. Its 2004 acquisition spree totaled $535 million at an average cost of $1.23 per thousand cu. ft. equivalent of proved reserves. • Houston-based Southern Bay Energy LLC has acquired all of the assets of Aroc Inc. for approximately $9.7 million. The properties are principally in South Texas, South Louisiana and the Permian Basin. The acquisition also includes the general-partner interest in Aroc Energy LP. Mitchell Energy Advisors LLC advised Southern Bay. • Houston-based EnergyQuest Resources LP and EnergyQuest Management LLC have acquired Kanmap Inc. and Cherokee Methane Corp. for an undisclosed sum, gaining proved reserves of 9.6 billion cu. ft. and current production of 1.2 million cu. ft. equivalent per day. The assets involve 8,350 acres in Montgomery County, Kansas. EnergyQuest will operate. EnergyQuest has also acquired the Bosco Field in Acadia Parish, La., and a working interest in the Woodlawn Field in Marion and Harrison counties, Texas. It will operate both fields. The three acquisitions have tripled the company's daily production and proved reserve base. The price per thousand cu. ft. of proved reserves for both acquisitions was $1.12, according to EnergyQuest, which is a portfolio company of Houston-based Quantum Energy Partners. • Escondido Resources LP, Houston, has closed its initial acquisition of producing properties in La Salle County, Texas, from an undisclosed private seller for $45 million. The properties have current net daily production of 7.1 million cu. ft. of gas equivalent per day from 35 wells. Escondido also gains acreage near the acquired properties in northern Webb and Dimmit counties, Texas. Escondido will operate 100% of the wells and acreage. • Storm Cat Energy (USA) Corp., a subsidiary of Storm Cat Energy Corp., Calgary, (Toronto Venture: SME) plans to purchase an interest in the NE Spotted Horse Field, on the eastern portion of the Powder River Basin, northwest of Gillette, Wyo., from Dallas-based Palo Petroleum Inc. for US$8.6 million in cash. The field consists of 71 wells (69 operated) currently producing approximately 2.6 million cu. ft. of gas per day from various Fort Union coal seams. The field includes 6,320 gross contiguous acres of which more than 80% are either undeveloped or partially developed. Net proven reserves are estimated at 4.7 billion cu. ft. with an additional 1.6 billion of probable reserves. • McMoRan Exploration Co., New Orleans, (NYSE: MMR) plans to acquire K1 USA Energy Production Corp.'s 66.7% interest in K-Mc Venture I LLC, bringing McMoRan's ownership in K-Mc I to 100%. K-Mc I owns the oil production facilities and related oil reserves at Main Pass Block 299. McMoRan will repay the venture's debt totaling $8 million and release K1 USA from future abandonment obligations related to the facilities. Before Hurricane Ivan, the Main Pass 299 field was producing approximately 2,800 bbl. of oil per day. McMoRan is currently evaluating alternative plans for the future sale of Main Pass 299 production. K1 USA is a publicly traded, Singapore-based investment firm. The new joint-venture, K-Mc Energy Ventures, will seek to acquire energy-related businesses. • Parallel LP, a subsidiary of Parallel Petroleum Corp., Midland, Texas, (Nasdaq: PLLL) has acquired an additional 13.2% average working interest and 10% average net revenue interest in its producing properties in the Means Queen Unit and Carm-Ann San Andres fields from 17 unaffiliated parties for approximately $2.85 million. These acquisitions are among 28 related purchase agreements announced in December 2004. The purchases represent a combined estimated 500,000 bbl. of proved reserves with current production of approximately 50 BOE per day net to Parallel. • Privately held Tammany Oil & Gas LLC, Houston, has acquired an approximate 38% working interest in West Delta 27 Field from Irving, Texas-based ExxonMobil Corp. (NYSE: XOM) for an undisclosed sum. The field is approximately 11 miles southwest of Venice, La., and since its inception in 1965, has produced more than 2.7 trillion cu. ft. of gas. Net acquired production is approximately 3 million cu. ft. of gas equivalent per day. Financing was provided by BlackRock Energy Capital Ltd.