Forest Oil acquires Wiser Oil in $330 million dealOver last year, including Wiser, Forest has acquired roughly 515 bcf of gas equivalent reserves, 360,000 undeveloped acres Ray Tyson Petroleum News Houston Correspondent
Denver’s Forest Oil is staying true to its play-it-safer approach to growing the company, acquiring Dallas-based Wiser Oil in a $330-million merger that provides Forest with lots of additional proved reserves and production and little in the way of risky frontier exploration acreage.
That’s just fi....
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Wiser strong in Canada Forest will finance with stock, borrowing and cash on hand
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