NERCO <NER> TO ACQUIRE INTEREST IN GAS FILED
Nerco Inc said it has agreed to
acquire a 47 pct working interest in the Broussard Gas Field in
southern Louisiana from privately-owned <Davis Oil Co> for
about 22.5 mln dlrs in cash.
    Nerco said the interest being purchased will give it
estimated proven oil and gas reserves equal to six billion
cubic feet of natural gas. The property includes six gas wells,
one oil well two undeveloped drilling locations, a central
production facility and a gas gathering system.
    Nerco is 90 pct owned by PacifiCorp <PPW>.
 Reuter
