-- ARC Energy Trust to acquire Startech Energy
ARC Energy Trust, Calgary, will acquire Startech Energy Inc., Calgary, in a $485 million (Can.) takeover deal. Startech produces about 10,000 b/d of crude oil and 35 MMcfd of natural gas in Alberta and Saskatchewan. The acquisition, approved by the Startech board, will increase ARC production by about 58% to 36,715 boe/d.