BNET Industries
Forest Oil Corp. (FST) is in the Energy Industry
- Revenue
- Dec 31 2007
- $1.0B
- Profit
- Dec 31 2007
- $169.3M
- Market Cap
- Nov 28 2008
- $1.6B
Latest News and Analysis
Questerre Energy Rebounds With Stellar Q3, Awaits Utica Test Results
FP Trading Desk submits: Investors are slowly jumping back on the Questerre Energy Inc. (QTEYF.PK) bandwagon as anticipation grows that drilling and testing results expected later this year from the Utica shale natural gas play in Quebec will prove positive. A victim of the market meltdown these past...
Forest Oil Corp. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionThank you. [Operator Instructions]. And your first question comes from the line of Tom Gardener with Simmons & Company. Tom Gardner - Simmons & Company International Good afternoon gentlemen. Can you talk about your capital budget and how you go about setting that and specifically it's just typically...
Forest Oil Updates Haynesville/Bossier Shale Acreage and Development Plan; 5 Tcfe of Additional Net Unrisked Potential Identified
DENVER -- Forest Oil Corporation (NYSE:FST) Forest or the Company announced today that it has increased its acreage position in East Texas/North Louisiana to approximately 143,000 gross acres (113,000 net acres) through acquisitions and leasing activity. Forest believes that approximately 114,000 gross acres (90,000 net acres) are prospective for the...
Forest Oil Announces Significant Gas Discovery in Utica Shale and Acquires Ark-La-Tex Properties for $285 Million
DENVER -- Forest Oil Corporation (NYSE:FST) Forest or the Company announced today a new natural gas discovery in the Utica Shale located in Quebec, Canada. In addition, the Company announced that is has agreed to purchase properties located in its Ark-La-Tex core areas for $285 million. Utica Shale ...
Stock News You Can Use - MBIR, DGII, PEIX, RCAA, POCC, FST.
M2 PRESSWIRE-24 July 2007-StockProfiler.US: Stock News You Can Use - MBIR, DGII, PEIX, RCAA, POCC, FSTC1994-2007 M2 COMMUNICATIONS LTD RDATE:24072007 New York, NY - StockProfilers' "Stocks To Watch" For This Morning Are: MOBICLEAR, INC. (OTCBB: MBIR); DIGI INTERNATIONAL, INC....
Forest Oil Announces Results of Special Meeting of Shareholders
DENVER -- Forest Oil Corporation (NYSE: FST) Forest or the Company announced that at the special meeting of the Forest shareholders held earlier today, the shareholders approved the issuance of additional shares of common stock pursuant to the agreement and plan of merger among Forest, MJCO Corporation, a wholly owned...
Forest Oil Announces Pricing of 7.25% Senior Notes Due 2019
DENVER -- Forest Oil Corporation (NYSE: FST) Forest or the Company today announced the pricing of a private placement of $750 million of 7.25% Senior Notes due 2019, an increase of $250 million from the amount previously announced. Forest plans to use the net proceeds from the offering to finance...
Forest Oil Announces Commencement of Private $500 Million Debt Offering
DENVER -- Forest Oil Corporation (NYSE:FST) Forest or the Company announced today that it is commencing a private placement offering to eligible purchasers, subject to market and other conditions, of an aggregate $500 million principal amount of senior notes due 2019. Forest intends to use the proceeds of the offering...
Forest Oil Announces Special Meeting of Shareholders Scheduled for June 5, 2007
DENVER -- Forest Oil Corporation (NYSE:FST) Forest or the Company announced today that it has scheduled a special meeting of shareholders on June 5, 2007, at 10:00 a.m. MT, at Denver Marriott City Center, 1701 California Street, Denver, Colorado 80202, to (1) consider and vote on the proposal to approve...
Forest Oil Announces Personnel Changes
DENVER -- Forest Oil Corporation (NYSE: FST) Forest or the Company announced today several executive personnel changes. Mr. John C. Ridens has been recently named Senior Vice President, Western Region. Previously, Mr. Ridens served as Forest's Senior Vice President, Southern Region. Mr. Ridens has been directly involved with the Company's...
Forest Oil Announces 2006 Estimated Proved Reserves and Production With Robust Reserve Replacement and Attractive F&D Costs and Schedules Year End Earnings Release and Teleconference
Forest's reserve replacement ratio was 372% from all capital activities, with finding, development and acquisition costs of $2.15 per Mcfe Forest's organic reserve replacement ratio was 258%, with finding and development costs of $2.09 per Mcfe Forest's full year estimated 2006 average net sales volumes is anticipated to...
Forest Oil to Acquire the Houston Exploration Company for $1.5 Billion
* Consideration will be 23.6 million Forest shares and $740 million cash * Forest will add an estimated 655 Bcfe of proved reserves and estimated production of 205 MMcfe/d * Adds significant South Texas, East Texas, and Arkoma Basin assets * Forest intends to divest Alaska entity...
Forest Oil and Mariner Energy Complete Spin-off and Merger of Forest's Offshore Gulf of Mexico Operations with Mariner
DENVER & HOUSTON -- Forest Oil Corporation (NYSE: FST) -- Forest Oil Becomes a Highly Focused Onshore Resource Company --Mariner Energy Becomes a Leading Gulf of Mexico Focused Independent Forest Oil Corporation Forest (NYSE: FST) and Mariner Energy, Inc. Mariner (NYSE: ME) today jointly announced the completion...
Forest Oil Announces $255 Million Acquisition of East Texas Cotton Valley Assets; Adds Another Onshore Growth Engine
DENVER -- Forest Oil Corporation ("Forest" or the "Company") (NYSE:FST) announced today that it has agreed with six private entities to acquire producing assets including approximately 26,000 net acres primarily in the Cotton Valley play in East Texas. Forest attributes estimated proved reserves of 110 Bcfe to the assets which...
Forest Oil Announces Final Stages of the Proposed Spin-off of Its Offshore Gulf of Mexico Operations and Special Stock Dividend to Shareholders and Merger Transaction
DENVER -- Forest Oil Corporation (NYSE:FST): --Forest Oil's Board of Directors Declares a Special Stock Dividend and Sets a Record Date of February 21, 2006 --Mariner Energy's Form S-4 Registration Statement Declared Effective by the SEC --Mariner Sets March 2, 2006 for Stockholders Meeting to Approve Merger...
Forest Oil Announces Pricing of Common Stock Offering
Business Editors DENVER--BUSINESS WIRE--May 26, 2004 Forest Oil Corporation Forest (NYSE:FST) today announced that it has priced a public offering of 4.58 million shares of common stock at a price to the public of $24.40 per share. All shares are being sold by Forest. Forest expects the...
The Wiser Oil Company to be Acquired by Forest Oil for $10.60 Per Share in Cash Tender
Business Editors DALLAS--BUSINESS WIRE--May 23, 2004 The Wiser Oil Company (NYSE:WZR) announced today that it has agreed to be acquired by Forest Oil Corporation (NYSE:FST) for $10.60 per share in cash through a tender offer. The Boards of Directors of both companies have unanimously approved this transaction and...
Forest Oil Corporation and Forcenergy Inc Set Shareholders Meetings
Business Editors DENVER--BUSINESS WIRE--Nov. 7, 2000 Forest Oil Corporation (NYSE:FST) Forest and Forcenergy Inc (Nasdaq:FORC) Forcenergy today announced that the special stockholders meetings for voting on the pending merger transaction involving the two companies have been set for December 7, 2000. Both companies have declared a record...
Forest Oil Corporation Announces Preliminary Results of Northwest Territories Well
DENVER--BUSINESS WIRE--Sept. 14, 1999-- Forest Oil Corporation (NYSE:FST) and its partner Ranger Oil Limited (each with 50% working interest) announced preliminary results from the N-61 well in the Northwest Territories of Canada operated by Forest's wholly owned subsidiary Canadian Forest Oil, Ltd. The N-61 well has reached a...
Forest Oil Corporation Announces Sale of JEDI Block
DENVER--BUSINESS WIRE--June 9, 1999-- Forest Oil Corporation ("Forest") announced today the release of transfer restrictions on Forest shares held by Joint Energy Development Investments Limited Partnership ("JEDI"). JEDI subsequently sold 3,189,500 shares (representing about 7% of the outstanding stock of Forest) owned by JEDI to a group of...
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- Incorporated: 1916
- CEO: Mr. H. Craig Clark
Forest Oil is engaged in the acquisition, exploration, development and production of natural gas and liquids in North America as well as selected international locations. Co. operates in five business units: Western U.S., Eastern U.S., Southern U.S., Canada and International as well as geographical segments including the U.S., Canada and International. As of Dec 31 2007, Co.'s total estimated proved reserves, which amounted to 2.10 trillion cubic feet of natural gas equivalent, and producing properties were all located in North America with approximately 85.0% of its estimated proved oil and gas reserves were in the U.S., approximately 12.0% in Canada and approximately 3.0% were in Italy.
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Forest Oil Corp. Company Info
Board of Directors
Mr. James D. Lightner
Non-Executive Chairman
Mr. H. Craig Clark
Mr. James H. Lee
Mr. William L. Britton
Mr. Loren K. Carroll
Mr. Dod A. Fraser
Mr. Patrick R. McDonald
Contact Information
707 Seventeenth Street
Suite 3600
Denver, CO
303 812-1400