2013 News Releases

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12/02/13Forest Oil Announces 2014 Capital Budget and Guidance
Drilling and Completion Budget of $260 Million to $270 Million; Total Capital Budget of $290 Million to $310 Million Average Equivalent Net Sales Volumes Guidance of 120 MMcfe/d to 130 MMcfe/d (42% Liquids); Represents 11% Growth Pro Forma for Divestitures Oil Volumes Expected to Grow 90% - 100% Pro Forma for Divestitures Eagle Ford Net Sales Volumes Projected to More than Double to 6,250 Boe/d DENVER--(BUSINESS WIRE)--Dec. 2, 2013-- Forest Oil Corporation (NYSE:FST) (Forest or the ... 
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11/25/13Forest Oil Announces Closing of Texas Panhandle Area Divestiture
DENVER--(BUSINESS WIRE)--Nov. 25, 2013-- Forest Oil Corporation (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 $44 million that were closed into escrow, which the Comp... 
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11/22/13Forest Oil Announces Results of Its Cash Tender Offer for Its 7.50% Senior Notes Due 2020 and Its 7.25% Senior Notes Due 2019
DENVER--(BUSINESS WIRE)--Nov. 22, 2013-- Forest Oil Corporation (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, together with the 2020 Notes, the “Notes”). The Notes are su... 
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11/07/13Forest Oil Announces Cash Tender Offer for Its 7.50% Senior Notes Due 2020 and Its 7.25% Senior Notes Due 2019
DENVER--(BUSINESS WIRE)--Nov. 7, 2013-- Forest Oil Corporation (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 accordance with the Acceptance Priority Level for each series of... 
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11/04/13Forest Oil Announces Third Quarter 2013 Results
Third Quarter 2013 Average Net Sales Volumes of 209 MMcfe/d Third Quarter 2013 Eagle Ford Shale Average Gross Production Volumes of 7.2 MBoe/d Increased 67% Compared to the Second Quarter of 2013 Third Quarter 2013 Eagle Ford Shale Average Net Production Volumes of 3.3 MBoe/d Increased 43% Compared to the Second Quarter of 2013 Eagle Ford Shale Drilling and Completion Costs Reduced 10% to $5.75 Million Compared to the Second Quart... 
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10/21/13Forest Oil Announces Third Quarter 2013 Earnings Release Date and Teleconference
DENVER--(BUSINESS WIRE)--Oct. 21, 2013-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) announced today that its third quarter 2013 earnings release will be issued after the close of trading on the New York Stock Exchange on Monday, November 4, 2013. A conference call is scheduled for Tuesday, November 5, 2013, at 7:00 AM MT to discuss the release. You may access the call by dialing toll free 866.318.8612 (for U.S./Canada) and 6... 
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10/03/13Forest Oil Announces Sale of Texas Panhandle Area Assets for Proceeds of $1.0 Billion
DENVER--(BUSINESS WIRE)--Oct. 3, 2013-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that it has entered into a definitive agreement to sell to Templar Energy LLC its oil and gas assets located in the Texas Panhandle Area for $1.0 billion. Le Norman Operating LLC, a wholly-owned subsidiary of Templar, will operate the assets. The transaction is expected to close on or before November 25, 2013, with an effective date of... 
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09/03/13Forest Oil Announces Sale of Permian Basin Acreage
DENVER--(BUSINESS WIRE)--Sep. 3, 2013-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that it has entered into a definitive agreement with an undisclosed buyer to sell a portion of its largely undeveloped acreage position located in the Permian Basin of West Texas for proceeds of approximately $35 million. The transaction includes approximately 58,200 gross acres (52,350 net) located in Crockett County, Texas. The sale is ... 
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08/06/13Forest Oil Announces Second Quarter 2013 Results
Second Quarter 2013 Average Net Sales Volumes of 211 MMcfe/d (41% Liquids) Second Quarter 2013 Average Net Oil Sales Volumes of 6.6 MBbls/d Increased 14% Compared to the First Quarter of 2013 Pro Forma for Divestitures Second Quarter 2013 Eagle Ford Shale Average Gross Sales Volumes of 4.3 MBbls/d Increased 59% Compared to the First Quarter of 2013 Second Quarter 2013 Eagle Ford Shale Average Net Sales Volumes of 2.3 ... 
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08/05/13Forest Oil Announces Personnel Change
DENVER--(BUSINESS WIRE)--Aug. 5, 2013-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced an executive personnel change. Mr. Victor A. Wind, currently Forest’s Senior Vice President, Chief Accounting Officer, Corporate Controller and Treasurer, has been promoted to the position of Executive Vice President, Chief Financial Officer and Treasurer effective August 24, 2013. Mr. Wind will be responsible for overseeing al... 
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07/16/13Forest Oil Announces Second Quarter Earnings Release Date and Teleconference
DENVER--(BUSINESS WIRE)--Jul. 16, 2013-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) announced today that its second quarter 2013 earnings release will be issued after the close of trading on the New York Stock Exchange on Tuesday, August 6, 2013. A conference call is scheduled for Wednesday, August 7, 2013, at 7:00 AM MT to discuss the release. You may access the call by dialing toll free 866.318.8618 (for U.S./Canada) and 6... 
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07/15/13Forest Oil Announces Intent to Sell Texas Panhandle Assets
DENVER--(BUSINESS WIRE)--Jul. 15, 2013-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) announced today that, after receiving unsolicited proposals from third parties interested in acquiring Forest’s oil and gas assets located in the Texas Panhandle, Forest’s Board of Directors has determined that the Company will initiate a marketed process to pursue the sale of such assets. Forest has retained J.P. Morgan Securities LLC to assist in the ... 
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05/06/13Forest Oil Announces First Quarter 2013 Results
First Quarter 2013 Average Net Sales Volumes of 243 MMcfe/d; 34% Liquids Compared to 32% Liquids in First Quarter 2012 First Quarter 2013 Average Net Sales Volumes of 214 MMcfe/d (37% Liquids) Pro Forma for South Texas Divestiture First Quarter 2013 Average Net Oil Sales Volumes of 5.8 MBbls/d Pro Forma for Divestitures; Organically Increased 9% Compared to the First Quarter 2012 Executed on Strategic Goal of Accelerating Production Growth with ... 
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04/18/13Forest Oil Announces First Quarter Earnings Release Date and Teleconference
DENVER--(BUSINESS WIRE)--Apr. 18, 2013-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) announced today that its first quarter 2013 earnings release will be issued after the close of trading on the New York Stock Exchange on Monday, May 6, 2013. A conference call is scheduled for Tuesday, May 7, 2013, at 7:00 AM MT to discuss the release. You may access the call by dialing toll free 877.474.9506 (for U.S./Canada) and 857.244.755... 
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04/12/13Forest Oil Details Accelerated Eagle Ford Shale Drilling Program
Accelerated Development Program to Hold an Aggregate of 55,000 Gross (27,500 Net) Acres Incorporate Four Drilling Rigs by the Third Quarter of 2013 and Drill 60 Gross (30 Net) Wells in 2013 and 80 Gross (40 Net) Wells in 2014 Eagle Ford Shale Average Net Sales Volumes Expected to Reach 6,500 Boe/d in 2014 from 1,600 Boe/d in 2012 DENVER--(BUSINESS WIRE)--Apr. 12, 2013-- Forest Oil Corporation (NYSE: FST) (Forest or the Company) today provided an update on its Eagle Ford Shale drilling prog... 
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04/12/13Forest Oil Announces Eagle Ford Shale Development Agreement
Schlumberger to be Fully Aligned as a 50/50 Strategic Partner Providing Technology, Integrated Services and Capital Resources to Enhance Value of Eagle Ford Shale Asset DENVER--(BUSINESS WIRE)--Apr. 12, 2013-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced the signing of a definitive agreement with Schlumberger (NYSE:SLB), the world's leading oilfield services company supplying technology, information solutions and integrated project management to the oil and gas ind... 
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02/20/13Forest Oil Announces 2013 Capital Budget and Guidance
Total Capital Budget of $355 Million to $375 Million; Exploration and Development Capital of $315 Million to $325 Million 2013 Average Equivalent Net Sales Volumes Guidance of 220 MMcfe/d to 230 MMcfe/d (40% Liquids) 2013 Average Oil Net Sales Volumes Expected to Grow Organically in Excess of 30% in 2013 Pro Forma for Divestitures Second Half 2013 Average Equivalent Net Sales Volumes Expected to be Higher than First Half 20... 
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02/20/13Forest Oil Announces Fourth Quarter and Year-End 2012 Results
Fourth Quarter 2012 Average Net Sales Volumes of 309 MMcfe/d; 35% Liquids Compared to 30% Liquids in Fourth Quarter 2011 Fourth Quarter 2012 Average Oil Net Sales Volumes of 8.7 MBbls/d; 47% Increase Compared to Fourth Quarter 2011 Pro Forma for Divestitures Fourth Quarter 2012 Average Liquids Net Sales Volumes of 17.9 MBbls/d; 21% Increase Compared to Fourth Quarter 2011 Pro Forma for Divestitures 2012 Average Equivalent Net Sales Volumes Increase 6% Compared to 2011 Pro Forma for Divesti... 
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02/15/13Forest Oil Announces Closing of Its South Texas Property Divestiture
DENVER--(BUSINESS WIRE)--Feb. 15, 2013-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that it closed the previously announced sale of its properties in South Texas for net cash proceeds of approximately $307 million, after customary adjustments to reflect an effective date of January 1, 2013 and the hold-back of certain properties, valued at approximately $14 million, for which required consents-to-assign have not yet been ... 
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01/31/13Forest Oil Announces Fourth Quarter and Year End 2012 Earnings Release Date and Teleconference
DENVER--(BUSINESS WIRE)--Jan. 31, 2013-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) announced today that its fourth quarter and year end 2012 earnings release will be issued after the close of trading on the New York Stock Exchange on Wednesday, February 20, 2013. A conference call is scheduled for Thursday, February 21, 2013, at 9:00 AM MT to discuss the release. You may access the call by dialing toll free 866.356.3095 (fo... 
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01/03/13Forest Oil Announces Agreement to Sell South Texas Properties
DENVER--(BUSINESS WIRE)--Jan. 3, 2013-- 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 Texas, excluding its Eagle Ford Shale oil properties, for after-tax cash proceeds of $325 million. The transaction is expected to close on or before February 15, 2013, with an effective date of January 1, 2013, and is subject to customary closing ... 
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