Citing “a change in market conditions since its filing,” CMS Oil & Gas Co., a subsidiary of CMS Energy Corp. filed on Friday with the Securities and Exchange Commission (SEC) to withdraw its IPO, which was filed with the commission on November 22, 2000. The company had expected to raise approximately $300,000 from the IPO, yet it had not set a price per share or the amount of shares it would put on the market. Nor did the company’s November filing list what percentage would be retained by the parent company. CMS Oil & Gas was to be listed under ticker symbol “CGS.”

Coho Energy reported on Friday that it has retained JPMorgan to act as its financial adviser in evaluating various strategic opportunities for the company. “Strategic transactions” may include the sale of all or part of Coho. The company also reported that the date of its annual meeting for shareholders will be announced upon conclusion of the strategic review process. The Dallas-based oil and gas producer focuses on exploitation of underdeveloped oil properties in Oklahoma and Mississippi. According to a Securities and Exchange Commission filing, the company and its subsidiaries filed for voluntary relief under Chapter 11 bankruptcy on August 23, 1999, then filed a plan of reorganization that was confirmed by the bankruptcy court on March 20, 2000. On March 31, 2000, the plan of reorganization was consummated and the company emerged from bankruptcy. Coho Energy’s operations are currently only 5% natural gas, and 95% crude oil.

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