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Forest Oil Corporation Message Board

  • homerun1959 homerun1959 Apr 9, 2000 10:49 PM Flag

    My Guess?

    I expect a roll up of Anschutz's oil and gas
    holdings then maybe a deal with one of the bigger players
    (APA?). Force just hired a new President/CEO with
    impressive merger experience.

    Available only to
    Hoover's Online members. See Samples.
    2730 SW 3rd
    Ave., Ste. 800
    Miami, FL 33129-2356 (Map) Phone:
    305-856-8500
    Fax: 305-856-4300

    http://www.forcenergy.net


    Subsidiary Locations

    Forcenergy
    forces energy -- in the form of oil and natural gas --
    out of the ground, but buried by debt, Forcenergy has
    been forced into Chapter 11. The independent oil and
    gas firm develops properties and produces oil from
    more than 540 wells in the Gulf of Mexico. Forcenergy
    has proved reserves of 111 million barrels of oil
    equivalent, more than 40% of which is oil. It is developing
    fields at Cook Inlet, Alaska, and owns interests in
    3,000 producing onshore wells in the Appalachian, Gulf
    Coast, Permian Basin, and Rocky Mountain regions of the
    US. Forcenergy also has stakes in undeveloped fields
    in Australia and Gabon. Bondholders, led by Philip
    Anschutz, are attempting to reorganize Forcenergy's debt.

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