One-Page Deal Sheet
Forest Oil Sells Assets in Texas and New Mexico
Not Disclosed Forest Oil Corp.
Announced Date
August 06,2009
Close Date
September 30,2009
Transaction Type
Property
Enterprise Value (EV)($MM)
118
Asset/Basin:
{Permian}
Transaction Details: Subscribe to see
Forest Oil Corporation today announced that it has entered into two definitive agreements to sell certain operated and non-operated properties in West Texas and New Mexico for approximately $118 million. The two transactions are expected to close in the third quarter of 2009 and are subject to customary closing conditions and post-closing purchase price adjustments. These properties are currently producing 9 MMcfe/d.
At July 31, 2009, not including the proceeds from the divestitures described above, Forest had approximately $636 million outstanding under its bank credit facilities, a…
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