• Atco Ltd., Calgary, has sold its gas properties at Viking-Kinsella, southeast of Edmonton, Alberta, for C$550 million to Burlington Resources Inc., Houston. The Viking-Kinsella fields have been producing for about 70 years and are estimated to contain 300 billion cu. ft. of gas. • Imperial Metals Corp., Toronto, plans to retain its oil and gas assets and form a new company to hold its mining assets. • EOG Resources Canada Inc., Calgary, plans to acquire Fox Energy Corp., Calgary, for C$0.46 in cash per Fox share, for a deal value of approximately C$14 million. Fox's third-quarter 2001 production was 913 BOE per day. • Provident Energy Trust, Calgary, acquired Richland Petroleum Corp., Calgary, in a stock transaction valued at C$190 million including the assumption of C$83 million of Richland debt. The assets include 6,800 BOE of production per day. Richland's proved reserves are approximately 15 million BOE and its established reserves are 18 million BOE. Provident's production will increase to approximately 17,000 BOE per day, 40% gas. Its reserves will total 40 million BOE, proven, and 48 million, established. • PanCanadian Energy Corp., Calgary, and PanCanadian Petroleum Ltd. have merged and retained the name PanCanadian Energy Corp. The combined company's core areas are in western Canada and the U.S., the east coast of Canada, the Gulf of Mexico and the U.K. • Advantage Energy Income Fund, Calgary, acquired a private gas company for C$7 million, adding a producing property at Puskwaskau, Alberta, and plans to purchase for C$3.8 million an additional 10% working interest in properties in Medicine Hat, Alberta.
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