CMS Energy is handing over its title of largest independent oiland gas producer in Michigan to Quicksilver Resources, the companysaid yesterday. The sale includes all of CMS Energy’s gas and crudeoil exploration and production properties in Michigan, includingthe stock of Terra Energy Ltd., as well as other smaller interestsin Ohio, Kentucky, and Indiana. It covers more than 180,000 netleasehold acres producing 54 MMcfe/d from the Antrim Shale, as wellas from the Niagaran and Prairie du Chien formations. Estimatedreserves and the purchase price were not disclosed. The transactionis expected to close by the end of the first quarter.

CMS said the sale represents a significant part of the $500million in non-strategic asset sales it plans to complete by theend of the first quarter.

The acquisition is expected to be accretive to Quicksilver’s2000 cash flow and net income, and will almost double Quicksilver’sproduction to over 110 MMcfe/d. The Fort Worth-based productioncompany whose main predecessor was established in 1963, begantrading publicly in March.

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