Forest Oil Corp.'s aggressive M&A strategy during the past three and a half years is a feat underappreciated by peers, says chief executive Craig Clark. "You have a couple-billion-dollar company where virtually every asset has been sold a brick at a time to focus on a new portfolio," Clark said recently at an IPAA/Tipro program in Houston. Now, "we have a portfolio that supports what we are good at. The company is highly focused-and the map is a lot easier to put on PowerPoint." For the full version of this story and many others, subscribe to Oil and Gas Investor. Contact us at 713-993-9320.
Recommended Reading
NOG Lenders Expand Revolving Credit Facility to $1.5B
2024-04-30 - Northern Oil and Gas’ semi-annual borrowing-base redetermination left its reserved-based lending unchanged at $1.8 billion.
Par Pacific Asset-based Revolving Credit Bumped Up by 55%
2024-03-25 - The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.
Blue Racer Midstream Prices Senior Notes Offering
2024-05-15 - Net proceeds from the sale of senior notes will be used to pay off debt and other general corporate purposes.
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
2024-02-26 - CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
M4E Lithium Closes Funding for Brazilian Lithium Exploration
2024-03-15 - M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.