Forest Oil Corp.

Sabine Oil & Gas and Forest Oil, today announced the signing of a definitive merger agreement under which Sabine and Forest will combine their businesses in an all-stock transaction. Sabine and Forest’s highly complementary asset portfolios will create one of the industry’s largest East Texas players, benefiting from drilling program optimization [...]

Forest Oil Corp. (NYSE:FST) (Forest or the Company) today announced financial and operational results for the first quarter of 2014. For the three months ended March 31, 2014, Forest reported a net loss of $21 million, or $(0.18) per diluted share, compared to net earnings of $106 million, or $0.89 per share in the fourth quarter of 2013. Net [...]

Forest Oil Corp. (NYSE:FST) (Forest or the Company) announced today that its first quarter 2014 earnings release will be issued after the close of trading on the New York Stock Exchange on Tuesday, May 6, 2014. A conference call is scheduled for Wednesday, May 7, 2014, at 7:00 AM MT to discuss the release. You may access the call by dialing toll [...]

Forest Oil Corp. (NYSE:FST) (Forest or the Company) today announced that the lenders under the Company’s revolving credit facility have completed their regularly scheduled semi-annual redetermination of the Company’s borrowing base. As part of the redetermination process, Forest and the lenders agreed to amend the facility to provide for, among [...]

Forest Oil Corp. (NYSE:FST) (Forest or the Company) today announced financial and operational results for the fourth quarter and full-year 2013 and provided year-end estimated proved reserves. References to pro forma results exclude asset sales completed during 2012 and 2013. For the three months ended December 31, 2013, Forest reported net [...]

Forest Oil Corp. (NYSE:FST) (Forest or the Company) announced today that its fourth quarter and year end 2013 earnings release will be issued after the close of trading on the New York Stock Exchange on Tuesday, February 25, 2014. A conference call is scheduled for Wednesday, February 26, 2014, at 7:00 AM MT to discuss the release. You may access [...]

Forest Oil Corp. (NYSE:FST) (Forest or the Company) announced today that its Board of Directors has approved a 2014 capital budget and that it is providing 2014 average net sales volumes and cost guidance. Patrick R. McDonald, President and CEO, commented, “Following the completion of the Texas Panhandle asset sale, we are focused on the [...]

Forest Oil Corp. (NYSE:FST) (Forest or the Company) today announced that it closed the previously announced sale of its properties in the Texas Panhandle Area for net cash proceeds of approximately $944 million, after customary adjustments to reflect an effective date of October 1, 2013. In addition, the net proceeds do not include approximately [...]

Forest Oil Corp. (NYSE:FST) (Forest or the Company) announced today the results of its previously announced cash tender offer (the “Offer”) to purchase up to $700 million (the “Aggregate Maximum Tender Amount”) aggregate principal amount of its 7.50% Senior Notes due 2020 (the “2020 Notes”) and its 7.25% Senior Notes due 2019 (the “2019 Notes” and [...]

Forest Oil Corp. (NYSE:FST) (Forest or the Company) announced today that it has commenced a cash tender offer to purchase up to $700 million aggregate principal amount of its 7.50% Senior Notes due 2020 (the “2020 Notes”) and its 7.25% Senior Notes due 2019 (the “2019 Notes” and, together with the 2020 Notes, the “Notes”), subject to purchase in [...]