Forest Oil Announces Sale of Permian Basin Acreage

  Forest Oil Announces Sale of Permian Basin Acreage

Business Wire

DENVER -- September 3, 2013

Forest Oil Corporation (NYSE:FST) (Forest or the Company) today announced that
it has entered into a definitive agreement with an undisclosed buyer to sell a
portion of its largely undeveloped acreage position located in the Permian
Basin of West Texas for proceeds of approximately $35 million. The transaction
includes approximately 58,200 gross acres (52,350 net) located in Crockett
County, Texas. The sale is expected to close on or before September 10, 2013
and is subject to customary purchase price adjustments and closing conditions.
The Company intends to use the proceeds from this divestiture to reduce
outstanding borrowings under its bank credit facility. Following the closing
of this transaction, Forest will retain its Permian Basin acreage position of
approximately 68,250 gross acres (63,500 net) located in Pecos and Reeves
Counties, Texas.

                          FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of historical
facts, that address activities that Forest assumes, plans, expects, believes,
projects, estimates or anticipates (and other similar expressions) will,
should or may occur in the future are forward-looking statements. The
forward-looking statements provided in this press release are based on
management's current belief, based on currently available information, as to
the outcome and timing of future events. Forest cautions that future natural
gas and liquids production, revenues, cash flows, liquidity, plans for future
operations, expenses, outlook for oil and natural gas prices, timing of
capital expenditures, and other forward-looking statements relating to Forest
are subject to all of the risks and uncertainties normally incident to their
exploration for and development and production and sale of liquids and natural

These risks relating to Forest include, but are not limited to, liquids and
natural gas price volatility, its level of indebtedness, its ability to
replace production, its ability to compete with larger producers,
environmental risks, drilling and other operating risks, regulatory changes,
credit risk of financial counterparties, risks of using third-party
transportation and processing facilities and other risks as described in
reports that Forest files with the SEC, including its Annual Report on Form
10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Any of
these factors could cause Forest's actual results and plans to differ
materially from those in the forward-looking statements.

Forest Oil Corporation is engaged in the acquisition, exploration,
development, and production of natural gas and liquids in the United States
and selected international locations. Forest's estimated proved reserves and
producing properties are located in the United States in Arkansas, Louisiana,
Oklahoma, Texas, and Wyoming. Forest's common stock trades on the New York
Stock Exchange under the symbol FST. For more information about Forest, please
visit its website at


Forest Oil Corporation
Larry C. Busnardo, 303-812-1441
Director – Investor Relations
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