Energen Resources Corp., the oil and gas subsidiary of EnergenCorp., reported it signed a definitive agreement to acquire thestock of Total Minatome Corp. for $110 million, plus $22 million inlegal and financial obligations. For its investment, EnergenResources will gain an estimated 200 billion cubic feet equivalent(Bcfe) of proved domestic oil and natural gas reserves. Immediatelyupon closing the transaction on Oct.15, Energen Resources (formerlyTaurus Exploration Inc.) plans to sell a 31% undivided interest inTotal Minatome’s assets to Westport Oil and Gas Co. Inc.
Articles from Brief
The National Energy Board has started preparing a reportentitled Canadian Energy Supply and Demand 1998-2025, which isscheduled to be published in 1999. It will provide an analysis ofenergy trends, issues and developments impacting Canada over thenext quarter century. The Board will be taking public comments toobtain the views of interested parties. Written comments or papersmust be received no later than May 12. The first round of publicconsultations will take place in informal workshops in April invarious cities across the country. The Board has identified thefollowing tentative dates and locations for these publicconsultations: Calgary (April 8), Toronto (April 15), Montreal(April 17), Halifax (April 20), Ottawa (April 22) and Vancouver(April 28). Specific dates and locations will be finalizedfollowing the receipt of responses by interested parties. Fordetails see NEB’s website at www.neb.gc.ca/home.htm, or contactLorna Patterson at (403) 299-3987. Registration to participate inpublic discussion groups must be received no later than March 20