Getting your player ready...
Forest Oil Corp. announced Tuesday that it has closed its previously announced sale of oil and gas properties in the Rockies, including its assets in the Niobrara and San Juan basins and various properties in Wyoming and Utah.
Forest received total cash proceeds of $200 million for the assets. In addition, Forest announced that its syndicate of banks reaffirmed the company’s borrowing base available under its credit facility at $1.8 billion.
