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Forest Oil Changes Plan; Will Reduce Eagle Ford Activity
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"Our objectives were to accelerate the development of our oil assets, principally the Eagle Ford; improve our operational focus by directing our efforts to the assets where we had the confidence and resources to develop them; and importantly, to reduce the debt level of the company. I'd like to thank everyone at Forest for their hard work and dedication toward the achievement of these objectives.
We announced in April of 2013 a joint development agreement for our Eagle Ford assets, which benefited us by providing the capital required to increase the drilling activity, as well as access to impressive technology, which will pay benefits now and in the future.
Our Eagle Ford delineation plan, which we activated in 2013, focused on the holding of our acreage position, the gathering of…
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