Operational Updates
Forest Oil Haynesville, Eagle Ford and Hogshooter Update
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Forest Oil Corporation today announced financial and operational results for the second quarter of 2012.
Panhandle Area
Forest holds approximately 179,000 gross acres (109,000 net) in the Panhandle Area.
Since Forest's last earnings release, one Missourian Wash Hogshooter well (63% working interest) was completed with a 24-hour maximum production rate of 1,500 Bbls/d of oil, 570 Bbls/d of NGLs, and 4.4 MMcf/d of natural gas, for a total equivalent rate of 2,800 Boe/d (54% oil). To date, the Company has completed five Hogshooter wells that have had an average 24-hour maximum production rate of 3,050 Boe/d.
Forest also continues to have success in its Cleveland oil program. Since the Company’s last earnings release, two wells (88% working interest) were completed in the Kelln field of the…
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