Independent

CMS Energy is handing over its title of largest independent oiland gas producer in Michigan to Quicksilver Resources, the companysaid last week. 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.

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.

The Independent Petroleum Association of America came outstrongly against a tax proposal presented earlier this week byDemocratic presidential candidate Bill Bradley that would do awaywith several loopholes currently benefiting oil and gas producers.

San Jose, CA-based independent power producer Calpine Corp. madea major investment in upstream gas supply for its current andfuture gas-fired power plants in California. The company bought 90Bcf of proven gas reserves in the Sacramento Basin from VintagePetroleum for $71.5 million. The transaction will make Calpine thelargest gas producer in the basin, raising its production to 43MMcf/d. The Vintage reserves currently produce 14.3 MMcf/d.

The Independent Petroleum Association of America came outstrongly against a proposal presented earlier this week byDemocratic presidential candidate Bill Bradley that would do awaywith several tax loopholes currently benefiting oil and gasproducers.

San Jose, CA-based independent power producer Calpine Corp. madea major investment in upstream gas supply for its current andfuture gas-fired power plants in California yesterday. The companybought 90 Bcf of proven gas reserves in the Sacramento Basin fromVintage Petroleum for $71.5 million. The transaction will makeCalpine the largest gas producer in the basin, raising itsproduction to 43 MMcf/d. The Vintage reserves currently produce14.3 MMcf/d.

Independent power company Calpine Corp. of San Jose, CA,completed its acquisition of 80% of Cogeneration Corp. of America’s(CGCA) common stock for about $146 million. The deal growsCalpine’s gas-fired power production by 20% to 2,476 net megawattsof capacity.

Independent power company Calpine Corp. of San Jose, CA,completed its acquisition of 80% Cogeneration Corp. of America’s(CGCA) common stock for about $146 million. The deal growsCalpine’s gas-fired power production by 20% to 2,476 net megawattsof capacity.

Independent producer Forcenergy Inc. of Miami said itsbankruptcy reorganization plan was approved Oct. 22 by the UnitedStates Bankruptcy Court for the Eastern District of Louisiana. Aconfirmation hearing is scheduled for Dec. 13. On Nov. 16 thebankruptcy court extended the time period for which only thecompany has the exclusive right to file a plan of reorganization.No other plan has been submitted or can be submitted during thecompany’s exclusivity period.