• Houston-based Capital C Energy LLC, a Carlyle/Riverstone Global Energy and Power Fund II LP company, plans to buy Belden & Blake Corp., North Canton, Ohio, gaining proved reserves of some 360 billion cu. ft. equivalent in the Appalachian and Michigan basins. Some of Belden & Blake's assets will be sold prior to closing. Belden & Blake will become a subsidiary of Capital C. Management will remain, under the direction of Capital C. Randall & Dewey advised Belden & Blake. Capital C was founded in May 2002 by David M. Carmichael, Frost W. Cochran and Peter R. Coneway. Management also includes B. Dee Davis and W. Mac Jensen. • Magnum Hunter Resources Inc., Irving, Texas, plans to buy 99 billion cu. ft. equivalent (77% gas) of proved reserves in southeast New Mexico from 1EnCana Corp., Calgary, subsidiary Tom Brown Inc.,for $243 million. Production is 18 million cu. ft. of gas and 870 bbl. of liquids, or approximately 23 million cu. ft. of gas equivalent, per day. Most of the properties are in Lea and Eddy counties, and are near Magnum Hunter's successful Morrow/Atoka/ Strawn drilling program, where it has had two rigs running for the past 26 months and its finding and development costs have averaged $1.02 per thousand cu. ft. equivalent. Proved undeveloped locations currently number 45. Magnum Hunter estimates 50 to 70 additional Morrow formation locations can be developed into proven reserves. Included in the deal are 458 producing wells, and approximately 44,000 net acres of undeveloped leasehold mineral interests. The assets will increase Magnum Hunter's southeast New Mexico production 72%, and its net company-wide production approximately 11%. Its well count and mineral acreage position in southeast New Mexico will more than double. Approximately $26 million of the $243 million purchase price has been allocated to undeveloped mineral acreage, Magnum Hunter reports. The deal will be funded with the sale of 15 million common shares plus credit-facility borrowing. Its lead commercial bank, Deutsche Bank Cá , is recommending to its bank syndicate a $100-million increase in its borrowing base.