Forest Oil Announces Reaffirmation of Borrowing Base
Forest Oil announced that its bank group has reaffirmed Forest's $1.62 billion borrowing base related to its credit facilities maturing in June 2012. The bank group continues to have $1.8 billion of commitments and there were no changes in the terms or conditions of the credit facilities. As of September 30, 2009, Forest had borrowed approximately $453 million pursuant to its credit facilities, reflecting repayments of approximately $232 million since June 30, 2009, and had approximately $1.2 billion available to be drawn.
- 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)