Forest Oil Commences Public Offering
Forest Oil has commenced a registered underwritten public offering of 12,500,000 shares of its common stock. The underwriters will have a 30-day option to purchase up to 1,875,000 additional shares of its common stock.
Forest intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its bank credit facilities.
- Forest Oil to Put Texas Panhandle Properties Up For Sale (Jul 15)
- Forest Oil Partners with Schlumberger on Eagle Ford Shale Land (Apr 12)
- Forest Oil to Sell South Texas Assets Excluding Eagle Ford (Jan 03)