• XTO Energy Inc., Fort Worth, Texas, has acquired coalbed-methane gas producing properties in southwestern Colorado from J.M. Huber Corp., Edison, N.J., for $153.8 million. Proved reserves are estimated to be 154 billion cu. ft. of gas, 79% proved developed producing. Production is estimated at 29 million cu. ft. of gas per day. The assets are in the Ignacio-Blanco Field, La Plata County, southwestern Colorado. • Kerr-McGee Corp., Oklahoma City, subsidiary Kerr-McGee Oil & Gas Onshore LP has sold a portion of its West Texas and Oklahoma assets for $127 million to Aethon I LP, Dallas. The assets include interests in 16 fields (11 in Texas) with estimated net daily production of 4,900 bbl. of oil and 7 million cu. ft. of gas. Aethon is a business of Helios Energy Partners I LP, an oil and gas investment fund owned by Hyperion Energy, Dallas, and Morgan Stanley. The assets include more than 1,300 producing wells. Reserves are 80% oil. • Parallel Petroleum Corp., Midland, Texas, acquired producing properties in Andrews County, Texas, for $46.1 million from Arkoma Star LLC and JMC Exploration Inc. The assets are estimated to contain 9.2 million equivalent bbl. of proved oil reserves in the Permian Basin. The price per BOE of proved reserves is $5, according to Parallel. The operator is privately owned Texland Petroleum Inc., which bought a portion of the Arkoma and JMC interests for a total deal value of $50.6 million. • Smith Production Inc., Houston, has purchased three South Texas gas fields for approximately $50 million. The Tabasco Field (Hidalgo County) was purchased from TotalFinaElf E&P USA Inc. and the Flores and Flores West fields (Hidalgo and Starr counties) were purchased from Bass Enterprise Production Co. The fields produce 15 million cu. ft. of gas per day, net to Smith Production. Smith Production now has 100% interest in the properties and has assumed operations. Financing was provided by Union Bank of California and BNP Paribas. • Red Willow Production Co., Ignacio, Colo., acquired producing properties in La Plata County, southwestern Colorado, for $26.15 million from Questar Market Resources Inc., Salt Lake City, a subsidiary of Questar Corp. Net daily production from the properties is approximately 9 million cu. ft. of gas equivalent. The properties have approximately 23 billion cu. ft. of gas equivalent of proved reserves from 169 wells in the Ignacio-Blanco Field of the San Juan Basin. Red Willow is a business of the southern Ute native American tribe.