Text Size:
A | A

Forest Oil Corp. Will Merge With Sabine Oil & Gas

Text Size: A | A
By Darren Barbee, Hart Energy
May 6, 2014

Forest Oil Corp.’s (NYSE: FST) emblematic “yellow dog” derrick lantern, the earliest source of light for night drilling and the longtime symbol of the company, is being shuttered.

Private exploration and production company Sabine Oil & Gas LLC announced with Forest on May 6 that the Denver company’s 98-year history will end later this year when it merges with Houston’s Sabine in the third- or fourth-quarter of 2014.

Under the merger agreement, Sabine and Forest will combine their businesses in an all-stock transaction to create one of the largest East ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription