Forest Oil Corporation: An Independent Oil and Gas Company

For almost a century now, Forest Oil Corporation has been engaged in the development, exploration, production and acquisition of oil, natural gas and natural gas liquids. The company is listed as an independent oil and gas company that is publicly traded on the New York Stock Exchange.

It was in 1916 that the operations of the company started in northwestern Pennsylvania. It is in the regions f the Ark-La-Tex and the Eagle Ford Shale that the operations of the business are concentrated. In the East Texas, Arkansas and Louisiana areas, the company has over 162,000 acres of interest. Their properties in the Eagle Ford Shale cover more than 24,500 acres and they also have additional interest in the Permian Basin which spans over 63,500 acres. The proven reserves of the business is estimated to be around 625 billion cubic feet equivalent of oil and gas.

Headquartered in Denver, Colorado, the company has come into a merger agreement with Sabine Oil & Gas in May 2014, which further expanded the interest of the business.