Independent oil and gas operator Central Resources entered intotwo definitive sale agreements to sell specific oil and gasproperties and related facilities located in West Texas, themid-continent and Rockies areas, the four corners area and alongthe Texas, Louisiana and Mississippi Gulf Coast. Total proceedsfrom the sale are estimated at $70 million. Denver-based CentralResources CEO Paul Zecchi said the company will use the cashproceeds on “future acquisition and development opportunities”domestically as well as internationally. The sale transactions wereeffective on June 1, and are expected to be completed inmid-to-late September.

San Francisco-based myHomeKey.com and partners KeySpan Corp. andTXU Energy Services have launched two co-branded customized sitesto provide access to reach up to 10 million new customers foronline access to home management services. The free sites, designedfor KeySpan and TXU energy customers, will link consumers acrossthe United States with more than 15,000 local service providers andmore than 1,000 brand appliances companies, including home repairand upkeep, home monitoring and control, neighborhood and communitynotification, utility/energy services, purchased appliances andmove management. For more information visit the web sites atwww.keyspan.myhomekey.com or www.txu.myhomekey.com.

Calgary-based Precision Drilling Corp. will acquire 100% of thecommon shares of CenAltra Energy Services Inc. under an agreementannounced Monday. If all goes to plan, Precision would have thelargest fleet of service rigs in the Western Canadian SedimentaryBasin, which already is the largest oilfield service company inCanada. Precision has offered 0.1432 common shares of Precision foreach common share of CenAltra, subject to a condition that at least66 2/3% of CenAltra’s shares be tendered in the offer. CenAltra’sboard unanimously approved the offer, and has recommended that itsshareholders do the same. The acquisition agreement provides thatCenAltra will not solicit other offers, allows Precision to matchany subsequent offers and provides for a non-completion fee of $8.8million payable to CenAltra to Precision in certain circumstances.The takeover bid is expected to be mailed to CenAltra shareholdersby Sept. 22.

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