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Forest Oil to Maintain Two Rig Hogshooter Program

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Forest Oil to Maintain Two Rig Hogshooter Program
Texas Panhandle Area

Forest has an inventory of over 500 identified locations within the Hogshooter, Tonkawa, Douglas, and other proven oil intervals. The current focus of the Hogshooter drilling program is in Wheeler County, Texas, where Forest has identified over 100 potential development opportunities. Highlighting drilling activity since the last earnings release, two Missourian Wash (Hogshooter) wells were completed that had a 30-day average gross production rate of 1,800 Boe/d (80% oil).

Forest continues to operate two drilling rigs in the Texas Panhandle Area targeting oil horizons and expects to maintain this level of activity during 2013.

East Texas / Liquids Cotton Valley

Forest remains active in East Texas targeting higher-margin oil and liquids-rich development opportunities…

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