NAL Oil & Gas Trust, Calgary, (Toronto: NAE-UN) plans to acquire Seneca Energy Canada Inc. from Seneca Resources Corp., the E&P unit of National Fuel Gas Co., Williamsville, N.Y., (NYSE: NFG) for C$246.6 million (US$234.3 million). Seneca Energy Canada has assets in eastern Alberta, western Alberta, northeastern British Columbian and Saskatchewan. It has a more than 80% average working interest in eastern Alberta, and operates 89% of its production in the area. Total undeveloped land is 157,276 net acres. Talisman Energy Corp., Calgary, (Toronto, NYSE: TLM) operates Seneca Energy Canada's northeastern British Columbia properties. Production is approximately 4,600 barrels equivalent per day (85% gas) primarily concentrated in east-central Alberta and northeastern British Columbia. Proved reserves are 7.2 million barrels equivalent (93% proved producing) and proved and probable reserves are 10.3 million barrels equivalent.
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