Forest Oil Names Carroll as a Director

Forest Oil Corporation reported that Loren K. Carroll has been elected to the company's Board of Directors.

Carroll recently retired as president and chief executive officer of M-I SWACO and as executive vice president of Smith International, Inc. He serves as a director of Smith International, Inc., Fleetwood Enterprises, Inc., and as a director of Veritas DGC Inc. Carroll joined Smith International in December 1984 as vice president and chief financial officer. In January 1988 he was appointed executive vice president and chief financial officer of Smith International and served in that capacity until March 1989. Carroll then rejoined Smith International in 1992 as executive vice president and chief financial officer.

Forrest Hoglund, Forest's Chairman, stated: "We are excited that Mr. Carroll has joined our Board. He brings a broad range of service industry expertise and proven leadership. As we move the Company forward, his service industry insight will be a valuable contribution to the Board."

Forest Oil Corporation is engaged in the acquisition, exploration, development, and production of natural gas and liquids in North America and selected international locations. Forest's principal reserves and producing properties are located in the United States in Alaska, Louisiana, New Mexico, Oklahoma, Texas, Utah and Wyoming, and in Canada.

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