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One-Page Deal Sheet

Forest Oil To Sell Louisiana Properties

Not Disclosed Forest Oil Corp.
AnnouncedOct 12, 2012
TypeProperty
Announced Date
October 12,2012
Effective Date
August 01,2012
Close Date
November 16,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
220




Snapshot
Asset/Basin:
{"Gulf Coast (South Louisiana)"}
Proved Reserves

Location
Region
Ark-La-Tex

Country
United States

State
Louisiana

Production & Reserves
Production

Reserves


Transaction Details:  Subscribe to see

Forest Oil Corporation announced that it has entered into a definitive agreement to sell all of its properties located in South Louisiana for approximately $220 million. The transaction is expected to close on November 16, 2012, with an effective date of August 1, 2012, and is subject to customary closing conditions and post-closing purchase price adjustments.

The properties produced 20 MMcfe/d (65% liquids) during the third quarter of 2012 and had estimated proved reserves of 45 Bcfe (62% liquids) as of December 31, 2011. Forest intends to use the proceeds from this divestiture to repay…

United States Deal Activity In Last 12 Months



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Date Deal Headline Price$/acre
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