UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 28, 2005
FOREST OIL CORPORATION
(Exact name of registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)
1-13515 | 25-0484900 | |
(Commission File Number) | (IRS Employer Identification No.) | |
1600 Broadway, Suite 2200, Denver, Colorado | 80202 | |
(Address of principal executive offices) | (Zip Code) |
303.812.1400
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
Item 7.01. Regulation FD Disclosure.
On February 28, 2005, Forest Oil Corporation ("Forest") announced that it had agreed to purchase all of the stock of a private company whose primary asset is an operated average working interest of 83% in the Buffalo Wallow Field and approximately 33,000 gross acres primarily in Hemphill and Wheeler Counties, Texas. Forest will pay an estimated $200 million in cash for the stock and assume an estimated $30 million of debt (net of working capital). The closing is subject to customary closing conditions and expected to occur on March 31, 2005. Forest also announced plans to dispose of approximately $50 million in non-core assets during 2005.
Item 9.01. Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FOREST OIL CORPORATION (Registrant) |
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Dated: March 2, 2005 |
By: |
/s/ CYRUS D. MARTER IV Cyrus D. Marter IV Vice PresidentGeneral Counsel and Secretary |
INDEX TO EXHIBITS FILED WITH THE CURRENT REPORT ON FORM 8-K
Exhibit |
Description |
|
---|---|---|
99.1 | Forest Oil Corporation press release dated February 28, 2005, "Forest Oil Announces $230 Million Acquisition of Buffalo Wallow Field." |