The Houston Exploration Company Company News

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Forest Reports Election Results for Houston Exploration Merger
Thursday, June 14, 2007Forest Oil Corp. on Wednesday announced the final allocation of merger consideration in its recent acquisition of The Houston Exploration Company (Houston Exploration).

Forest Oil Acquires Houston Exploration
Thursday, June 07, 2007Forest Oil Corp. has completed its previously announced acquisition of The Houston Exploration Co.

Houston Exploration Announces Expiration of Tender Offer
Wednesday, June 06, 2007The Houston Exploration Co. late Tuesday said that it will accept for payment all 7% Senior Subordinated Notes due 2013 (the "Notes") validly tendered prior to 5 p.m.

Houston Exploration Shareholders Okay Forest Merger
Wednesday, June 06, 2007The Houston Exploration Co. on Tuesday announced that its stockholders have approved the previously announced definitive merger agreement with Forest Oil Corp. at a special meeting of stockholders held in Houston.

Forest, Houston Exploration Set to Complete Merger
Wednesday, June 06, 2007Forest Oil and The Houston Exploration Co. said that, based on preliminary election results from their merger consideration election, the stock component is over-subscribed.

Forest Prices 7.25% Senior Notes
Monday, June 04, 2007Forest Oil Corp. on Friday announced the pricing of a private placement of $750 million of 7.25% Senior Notes due 2019, an increase of $250 million from the amount previously announced.

Houston Exploration Announces $175M Tender Offer
Thursday, May 03, 2007The Houston Exploration Co. is commencing a cash tender offer (the "Offer") for all of its outstanding $175,000,000 aggregate principal amount of 7% Senior Subordinated Notes due 2013.

Bristow Announces New Officers, Donaldson Retirement
Friday, March 30, 2007Bristow Group Inc. has appointed Michael J. Simon as Senior Vice President of Production Management and Mark H. Frank as Vice President of Planning.

Houston Exploration Reports Lower Earnings for 2006
Wednesday, February 28, 2007The Houston Exploration Company on Tuesday reported full-year 2006 net income of $67.8 million, or $2.36 per diluted share. This compares with net income of $105.2 million, or $3.62 per diluted share, reported in 2005.

Forest Announces Results for Q4, 2006
Tuesday, February 27, 2007Forest Oil Corporation announced financial and operational results for the fourth quarter and full year 2006.

Forest to Acquire Houston Exploration in $1.5B Deal
Monday, January 08, 2007Forest Oil Corporation has entered into a definitive agreement to acquire 100% of the outstanding stock of The Houston Exploration Company in a stock and cash transaction totaling approximately $1.5 billion.

Houston Exploration Reports Quarterly Results, Updates Guidance
Wednesday, November 08, 2006The Houston Exploration Company reported third quarter 2006 net income of $34.0 million, or $1.22 per diluted share.

Houston Exploration to Explore Alternatives to Jana Offer
Tuesday, June 27, 2006The Houston Exploration Company's Board of Directors has engaged Lehman Brothers Inc. to assist the Company in exploring a broad range of strategic alternatives to further enhance shareholder value.

JANA Urges Houston Exploration to Begin Acquisition Talks
Thursday, June 22, 2006JANA Partners LLC on Thursday called on The Houston Exploration Co. board to move forward on JANA's offer to purchase the latter for $62 per share in cash.

JANA Makes Offer for Houston Exploration at $62 per Share
Monday, June 12, 2006JANA Partners LLC sent an offer letter to the Board of Directors of The Houston Exploration Company proposing to purchase the Company for $62 per share.

Houston Exploration Completes Sale of Louisiana Offshore Assets
Friday, June 02, 2006The Houston Exploration Company has completed the previously announced sale of substantially all of the Louisiana portion of its Gulf of Mexico assets for a gross purchase price of $590 million.

Houston Exploration to Sell Louisiana Offshore Assets
Monday, April 10, 2006The Houston Exploration Company has entered into an agreement to sell substantially all of the Louisiana portion of its Gulf of Mexico assets to a private investor for a purchase price of $590 million in cash.

Houston Exploration Taps Campbell for General Counsel Post
Wednesday, March 29, 2006The Houston Exploration Company says that Carolyn M. Campbell has been named senior vice president and general counsel, effective March 27.

Houston Exploration Sells Part of its Gulf of Mexico Assets
Wednesday, March 01, 2006The Houston Exploration Company has signed a purchase and sale agreement to divest of the Texas portion of the company's Gulf of Mexico assets for a purchase price of $220 million in cash.

Houston Exploration Reports 2005 Results
Wednesday, March 01, 2006The Houston Exploration Company reported full-year 2005 net income of $105.2 million, or $3.62 per diluted share. This compares with $162.8 million of net income, or $5.44 per diluted share, reported in 2004.

Houston Exploration Names Robert Ray Senior VP and CFO
Tuesday, January 17, 2006The Houston Exploration Company announced that Robert T. Ray has been named senior vice president and chief financial officer, effective January 18.

Houston Exploration Announces Chief Financial Officer Resignation
Monday, December 12, 2005The Houston Exploration Company reports that John H. Karnes, senior vice president and chief financial officer has resigned.

Houston Exploration to Sell Gulf of Mexico Assets
Tuesday, November 08, 2005The Houston Exploration Company intends to divest of its entire Gulf of Mexico asset base and expects to open a data room to qualified bidders in January 2006.

Houston Exploration Announces Third Quarter 2005 Financial Results
Thursday, October 27, 2005The Houston Exploration Company reported third quarter 2005 net income of $8.1 million, or $0.28 per fully diluted share. By comparison, the company reported third quarter 2004 net income of $43.0 million, or $1.51 per fully diluted share.

Houston Exploration Delays Some Planned Production Until 2006
Tuesday, October 18, 2005The Houston Exploration Company says that due to production delays caused by the recent hurricanes in the Gulf of Mexico, current projections are for 8 Bcfe to 10 Bcfe of previously planned 2005 production to be delayed until 2006.

Houston Exploration Says Production Still Shut-In
Friday, September 30, 2005The Houston Exploration Company said that while the eye of Hurricane Rita passed within 30 miles of more than 80 percent of the company's offshore operations, to date all fields have now been visually inspected and the damage appears to be minimal.

Houston Exploration Enters JV in the Rocky Mountains
Tuesday, September 06, 2005The Houston Exploration has entered into a joint venture agreement with Enduring Resources LLC in Utah's Uinta Basin.

Houston Exploration Says Production Should Restart in a Few Days
Thursday, September 01, 2005The Houston Exploration Company says that as a result of Hurricane Katrina an estimated 63 MMcfe per day of net production remains shut in, primarily due to pipelines and facilities that are temporarily out of service.

Houston Exploration Announces Second Quarter 2005 Results
Thursday, July 28, 2005The Houston Exploration Company reported second quarter 2005 net income of $43.8 million, or $1.51 per fully diluted share. In comparison, the company reported second quarter 2004 net income of $45.4 million, or $1.47 per fully diluted share one year ago.

Houston Exploration Reports 1Q05 Results & Increases 2005 Budget
Thursday, April 28, 2005The Houston Exploration Company reported first quarter 2005 net income of $33.4 million, or $1.16 per fully diluted share. This compares to $39.7 million, or $1.25 per fully diluted share during the first quarter 2004.

Houston Exploration Names Jeffrey B. Sherrick Senior VP
Wednesday, April 13, 2005The Houston Exploration Company has named Jeffrey B. Sherrick has been senior vice president of corporate development, effective immediately.

Houston Exploration Names Bergeron VP of Offshore Division
Thursday, March 10, 2005The Houston Exploration Company reports that Jack Bergeron Jr. has been named vice president and general manager of the offshore division, effective immediately.

Houston Exploration Reports 2004 Results
Thursday, February 17, 2005The Houston Exploration Company reported full-year 2004 net income of $162.8 million, or $5.44 per fully diluted share, an increase of 30 percent per share over the $131.0 million of net income, or $4.20 per fully diluted share, reported in 2003.

KeySpan Sells Stake in The Houston Exploration Company
Friday, November 19, 2004KeySpan Corporation expects to completely exit its ownership interest in its affiliate company, The Houston Exploration Company.

Houston Exploration Closes Acquisition of GoM Assets
Monday, November 01, 2004The Houston Exploration Company has closed on two previously announced transactions for producing properties in the shallow waters of the Gulf of Mexico from Orca Energy, L.P. and from BP Exploration & Production Inc.

Houston Exploration to Acquire Gulf of Mexico Assets
Thursday, September 23, 2004The Houston Exploration Company has signed purchase and sale agreements to acquire producing assets in the shallow-waters of the Gulf of Mexico.

Fellows Energy Closes on Gordon Creek Project
Wednesday, July 21, 2004Fellows Energy has completed the purchase of the 5,242-acre Gordon Creek Project in central Utah from The Houston Exploration Company of Houston, Texas.

Houston Exploration Exercises Over-Allotment Option
Thursday, June 24, 2004The Houston Exploration Company has closed on the sale of an additional 620,000 shares of its common stock at a public offering price of $48.00 per share.

Houston Exploration Prices Common Stock Offering
Thursday, May 27, 2004The Houston Exploration Company announced its public offering of 6,200,000 shares of common stock at a price of $48.00 per share. In addition, Houston Exploration has granted the underwriters an option to purchase up to an additional 930,000 shares at the public offering price to cover any over-allotments.

Fellows Energy Inks Deal on Gordon Creek CBM Project
Monday, February 09, 2004Fellows Energy Ltd. has agreed to acquire the 5,242 acre Gordon Creek CBM project in Utah from The Houston Exploration Company.

Spinnaker Has Made a Discovery on its Madeleine Prospect
Tuesday, December 16, 2003Spinnaker and its partner have drilled a significant deep shelf well on High Island 47 in the Gulf of Mexico.

Houston Exploration Makes 3 Gulf of Mexico Discoveries
Thursday, June 26, 2003The Houston Exploration Company has made three natural gas discoveries along the Continental Shelf of the Gulf of Mexico.

Houston Exploration Makes Deep-Shelf Gas Discovery
Wednesday, May 21, 2003The Houston Exploration Company has made its first shallow-water, deep-shelf gas discovery at High Island 115 in the Gulf of Mexico.