Forest Oil Announces Closing of Its Permian Basin Divestiture and Calls $150 Million 7 ¾% Senior Notes Due 2014

Forest Oil Announces Closing of Its Permian Basin Divestiture and Calls $150 Million 7 ¾% Senior Notes Due 2014
DENVER—-Forest Oil Corporation today announced that it closed the previously announced sale of the remainder of its Permian Basin properties in West Texas and New Mexico for approximately $800 million to SandRidge Exploration and Production, LLC, a wholly-owned subsidiary of SandRidge Energy, Inc. , subject to customary post-closing purchase price adjustments.

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