Last $1.93 USD
Change Today +0.04 / 2.12%
Volume 3.2M
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

707–17th Street

Suite 3600

Denver, CO 80202

United States

Phone: 303-812-1400


Forest Oil Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids (NGL) primarily in North America. Core Operational Areas The company’s core operational areas consist of a balanced portfolio of tight-gas sands and shale plays with multiple stacked-pay opportunities that have exposure to oil, natural gas, and natural gas liquids. Texas Panhandle Area: The company has approximately 100,000 net acres in the Texas Panhandle Area. The area provides the company with horizontal drilling opportunities targeting multiple oil formations, such as the Missourian Wash (Hogshooter), Tonkawa, Douglas, and Cleveland, as well as liquids-rich intervals in the Granite Wash formation. During 2012, the company primarily focused on developing its oil opportunities, including the Missourian Wash Hogshooter interval. Eagle Ford Shale: The company has approximately 86,000 net acres in the Eagle Ford Shale, primarily located in Gonzales County in South Texas. Its drilling in the Eagle Ford Shale is focused in the central fairway of its acreage position. The company has identified approximately 500 total locations on this acreage position based on 80-acre spacing. The company drilled 14 wells in the central fairway of the Eagle Ford Shale during 2012. East Texas / North Louisiana Area: The company has approximately 123,000 net acres in the East Texas / North Louisiana Area. The area provides for horizontal drilling opportunities targeting multiple stacked-pay intervals, including the Cotton Valley, Haynesville, and other formations. The company’s development program was initially focused on natural gas in the Haynesville Shale in North Louisiana. Strategy The company’s long-term operating strategy strives to increase shareholder value through the achievement of economic growth by developing its core operational areas located in the Texas Panhandle Area, the Eagle Ford Shale in South Texas, and the East Texas / North Louisiana Area. In addition, its growth may be supplemented from time to time through opportunistic acquisitions. The company endeavor to execute this strategy as follows: exploit and develop oil and gas assets for economic growth while maintaining a capital expenditure budget that approximates cash flows from operating activities; focus on operational control, cost efficiencies, and high-margin projects; rationalize asset base through property divestitures and acquisitions; and maintain financial flexibility. Reserves As of December 31, 2012, the company had estimated proved reserves of 1,363 billion cubic feet equivalent. History Forest Oil Corporation was founded in 1916.


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