Pengrowth Energy Trust, Calgary, (Toronto: PGF-UN; NYSE: PGH) plans to acquire four Canada-based subsidiaries of Burlington Resources Ltd., a subsidiary of ConocoPhillips, Houston, (NYSE: COP) for C$1.04 billion. The assets are in western Canada and include operatorship of high working interests in Goose River Unit #1 and Deer Mountain Unit #1 in Pengrowth's Judy Creek/Swan Hills focus area in Alberta; light crude oil production at Red Earth; working interest in two Harmattan units; shallow gas at Lethbridge, Alberta, and Freefight, Saskatchewan; oil and coalbed-methane in Fenn Big Valley; major participation in the Jenner and Bantry areas of southeast Alberta; more than 375,000 net acres of undeveloped land; and approximately 9,300 kilometers of proprietary 2-D seismic and interests in more than 50 3-D seismic surveys. Current production is approximately 21,625 barrels of oil equivalent per day (52% gas). Proved reserves are 51.4 million barrels equivalent (88% producing) and proved-plus-probable reserves are 65.8 million barrels equivalent.

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