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Vol. 7, No. 19 Week of May 12, 2002
Providing coverage of Alaska and northern Canada's oil and gas industry


Forest reports first quarter loss; drills 13 new wells with 77 percent success rate

Production slips in quarter; partly due to tanker lifting delays in Alaska cutting production by more than 2,000 daily barrels

Allen Baker

PNA Contributing Writer

Forest Oil Corp. reported a loss of $1.8 million in the first quarter as production slid along with prices. Forest, based in Denver, had a much bigger loss in the fourth quarter — $29.7 million, due partly to unusual items such as a $10 million Enron writeoff. In the year-ago quarter, Forest earned....

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Production permits in for Redoubt


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