One-Page Deal Sheet
Forest Oil to Shed Arkoma Basin Properties
Not Disclosed Forest Oil Corp.
Announced Date
November 17,2014
Effective Date
October 01,2014
Close Date
December 15,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
185
Location
Region
Mid-Continent - Arkoma Basin
Country
United States
State
Oklahoma
Play
Production & Reserves Reserves
Transaction Details: Subscribe to see
Forest Oil Corporation has entered into a definitive agreement to sell its natural gas properties located in the Arkoma Basin for after-tax cash proceeds of approximately $185 million.
The transaction is expected to close on or before December 15, 2014, with an economic effective date of October 1, 2014, and is subject to customary closing conditions and post-closing purchase price adjustments. The properties produced 22 MMcfe/d (100% natural gas) during the third quarter of 2014, had estimated proved reserves of 159 Bcfe (100% natural gas) as of December 31, 2013, and generated approximately…
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