Investors

2012 News Releases

Date Title   10/29/12 Forest Oil Announces Third Quarter 2012 Results Third Quarter 2012 Average Net Sales Volumes of 339 MMcfe/d (34% Liquids compared to 27% Liquids in Third Quarter 2011) Third Quarter 2012 Average Net Oil Sales Volumes of 8.9 MBbls/d; Organically Increased 29% from Third Quarter 2011 and 7% Sequentially Extended Hogshooter Fairway with Successful Well at Camp South with an Average 24-Hour Maximum Production Rate of 1,600 Boe/d (71% Oil) Completed Two Unrestricted Rate Eag...  10/23/12 Forest Oil Announces Appointment of Richard J. Carty to Its Board of Directors DENVER--(BUSINESS WIRE)--Oct. 23, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) announced today that its Board of Directors appointed Richard J. Carty as an independent director, effective October 22, 2012. Mr. Carty is President of West Face Capital (USA) Corp, an affiliate of West Face Capital Inc. (“West Face”), a Toronto-based investment management firm with over $2.8 billion in assets under management. West Face...  10/12/12 Forest Oil Announces Continued Progress on Deleveraging Plan with Agreement to Sell South Louisiana Properties DENVER--(BUSINESS WIRE)--Oct. 12, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that it has entered into a definitive agreement to sell all of its properties located in South Louisiana for approximately $220 million. The transaction is expected to close on November 16, 2012, with an effective date of August 1, 2012, and is subject to customary closing conditions and post-closing purchase price adjustments. The prope...  10/09/12 Forest Oil Announces Third Quarter Earnings Release Date and Teleconference DENVER--(BUSINESS WIRE)--Oct. 9, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) announced today that its third quarter 2012 earnings release will be issued after the close of trading on the New York Stock Exchange on Monday, October 29, 2012. A conference call is scheduled for Tuesday, October 30, 2012, at 9:00 AM MT to discuss the release. You may access the call by dialing toll-free 866.700.6067 (for U.S./Canada) an...  10/01/12 Forest Oil Grants Equity Awards to CEO DENVER--(BUSINESS WIRE)--Oct. 1, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today reported equity awards granted to Patrick R. McDonald, who was appointed as the Company’s President and Chief Executive Officer on September 12, 2012. Mr. McDonald will receive equity grants of 185,000 shares of restricted stock, which will vest on September 12, 2015, and 278,000 performance units, each of which represents a contractual rig...  09/12/12 Forest Oil Announces Pricing of Private Offering of $500 Million of 7.5% Senior Notes Due 2020 DENVER--(BUSINESS WIRE)--Sep. 12, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that it has priced its private offering to eligible purchasers of $500 million of 7.5% Senior Notes due 2020 (“the “Senior Notes”). The Senior Notes were priced at par. This represents a $200 million increase from our initial proposed offering of $300 million in Senior Notes. The Senior Notes will be guaranteed by Forest Oil Permian Corp...  09/12/12 Forest Oil Announces Private Offering of $300 Million of Senior Notes Due 2020 DENVER--(BUSINESS WIRE)--Sep. 12, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of $300 million in aggregate principal amount of senior unsecured notes due 2020 (the “Senior Notes”). The Senior Notes will be guaranteed by Forest Oil Permian Corporation, a subsidiary of Forest. Forest intends ...  09/12/12 Forest Oil Updates Second Half 2012 Guidance and Hedge Position DENVER--(BUSINESS WIRE)--Sep. 12, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced updated second half 2012 net sales volumes and capital expenditures guidance and provided its current hedge position. Updated Second Half 2012 Guidance For the second half of 2012, Forest expects net sales volumes to average approximately 330 – 340 MMcfe/d (66% natural gas and 34% oil and natural gas liquids). This...  09/12/12 Forest Oil Names Patrick R. McDonald as President and Chief Executive Officer DENVER--(BUSINESS WIRE)--Sep. 12, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that the Company’s Board of Directors has completed its executive search process and named Patrick R. McDonald as President and Chief Executive Officer, effective immediately. Mr. McDonald has served as Interim Chief Executive Officer since June 21, 2012. James D. Lightner, Chairman of the Board of Directors, stated, “We are ...  08/15/12 Forest Oil Announces Agreement to Sell East Texas Natural Gas Gathering Assets DENVER--(BUSINESS WIRE)--Aug. 15, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that it has entered into an agreement to sell the majority of its East Texas natural gas gathering assets to a subsidiary of Tristate Midstream II, LLC for proceeds of $34 million. Forest can also earn up to $9 million of additional performance payments contingent on future activity. In conjunction with the sale, Forest has entered into ...  07/30/12 Forest Oil Announces Second Quarter 2012 Results Second Quarter 2012 Net Sales Volumes of 335 MMcfe/d; Unchanged from Second Quarter 2011 Second Quarter 2012 Oil Net Sales Volumes of 8.3 MBbls/d; Organically Increased 27% from Second Quarter 2011 Continued Success in the Panhandle Area Oil Zones; Completed One Hogshooter Well with a 24-Hour Maximum Production Rate of 2,800 Boe/d (54% Oil) and Two Cleveland Wells with an Average 24-Hour Maximum Production Rate of 1,000 Boe...  07/12/12 Forest Oil Announces Second Quarter Earnings Release Date and Teleconference DENVER--(BUSINESS WIRE)--Jul. 12, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) announced today that its second quarter 2012 earnings release will be issued after the close of trading on the New York Stock Exchange on Monday, July 30, 2012. A conference call is scheduled for Tuesday, July 31, 2012, at 12:00 PM MT to discuss the release. You may access the call by dialing toll free 800.706.7745 (for U.S./Canada) and 6...  07/09/12 Forest Oil Provides Eagle Ford Shale Update, Announces Second Half 2012 Capital and Drilling Program, Estimated Second Quarter 2012 Net Sales Volumes, and Second Half 2012 Guidance Strong Results from Recent Wells in the Eagle Ford Shale Company Adjusting Capital Spending and Pursuing Potential Divestitures to Enhance Financial Strength and Flexibility DENVER--(BUSINESS WIRE)--Jul. 9, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today provided an update on its Eagle Ford Shale operations, and announced its second half 2012 capital and drilling program, estimated second quarter 2012 net sale...  06/22/12 Forest Oil Appoints Patrick R. McDonald as Interim Chief Executive Officer Board Initiates Search for Permanent CEO DENVER--(BUSINESS WIRE)--Jun. 22, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that the Company’s Board of Directors has appointed Patrick R. McDonald, an experienced industry leader and member of the Forest Board of Directors, to serve as Interim Chief Executive Officer, effective immediately. Mr. McDonald succeeds H. Craig Clark as Chief Executive Of...  04/30/12 Forest Oil Announces First Quarter 2012 Results First Quarter 2012 Net Sales Volumes of 337 MMcfe/d; 1% Decrease from First Quarter 2011 and Fourth Quarter 2011 First Quarter 2012 Oil Net Sales Volumes of 8.4 MBbls/d; 47% Increase from First Quarter 2011 and 4% Increase from Fourth Quarter 2011 First Quarter 2012 Natural Gas Liquids Net Sales Volumes of 9.5 MBbls/d; 7% Increase from First Quarter 2011 and 4% Increase from Fourth Quarter 2011 Oil and Natural Gas L...  04/26/12 Forest Oil Announces Reaffirmation of Borrowing Base and Personnel Additions DENVER, Apr 26, 2012 (BUSINESS WIRE) --Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that its bank group has reaffirmed Forest's $1.25 billion borrowing base related to its credit facilities maturing in June 2016. The bank group continues to have $1.5 billion of commitments, and there were no changes in the terms or conditions of the credit facility. Forest further announced today the addition of Douglas E. Brooks as Senior V...  04/12/12 Forest Oil Announces First Quarter Earnings Release Date and Teleconference DENVER, Apr 12, 2012 (BUSINESS WIRE) --Forest Oil Corporation (NYSE:FST) (Forest or the Company) has scheduled its first quarter 2012 earnings release to be issued after the close of trading on the New York Stock Exchange on Monday, April 30, 2012. A conference call is scheduled for Tuesday, May 1, 2012, at 12:00 PM MT to discuss the release. You may access the call by dialing toll-free 866.783.2140 (for U.S./Canada) and 857.350.1599 (for International) and ...  02/21/12 Forest Oil Announces Fourth Quarter and Year-End 2011 Results Fourth Quarter 2011 Net Sales Volumes of 342 MMcfe/d; 6% Sequential Organic Growth Fourth Quarter 2011 Liquids Net Sales Volumes of 17.3 MBbls/d; 20% Sequential Organic Growth Completed Five Horizontal Granite Wash Wells with an Average 24-Hour Initial Production Rate of 14.0 MMcfe/d (52% Liquids) Completed Two Horizontal Missourian Wash Wells with an Average 24-Hour Initial Production Rate of 3,765 Boe/d (72% Oil, ...  02/16/12 Forest Oil Announces Significant Wolfbone Oil Expansion in the Permian Basin DENVER--(BUSINESS WIRE)--Feb. 16, 2012-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced its acreage position of 68,500 gross acres (63,000 net) prospective for the Wolfbone oil play in Pecos and Reeves Counties, Texas. The Wolfbone acreage increases Forest’s total Permian Basin acreage position, inclusive of Forest’s Wolfcamp Shale acreage position in Crockett County, Texas, of 57,500 gross acres (51,500 net), to 126...  02/02/12 Forest Oil Announces Fourth Quarter and Year End 2011 Earnings Release Date and Teleconference DENVER, Feb 02, 2012 (BUSINESS WIRE) --Forest Oil Corporation (NYSE:FST) (Forest or the Company) has scheduled its fourth quarter and year end 2011 earnings release to be issued after the close of trading on the New York Stock Exchange on Tuesday, February 21, 2012. A conference call is scheduled for Wednesday, February 22, 2012, at 12:00 PM MT to discuss the release. You may access the call by dialing toll free 866.700.0161 (for U.S./Canada) and 617.21...