Forest slashes debt, expensesEyes acquisitions, possible merger; boosts 2003 budgets for gulf, NWT Petroleum News Houston Staff
Exploration and production independent Forest Oil, coming off a strong 2003 first quarter, has turned its attention to acquisitions and possibly a corporate merger.
Like many of its peers who benefited from high oil and gas prices, Forest saw its first-quarter profit soar to $38.9 million or 81 cen....
[additional news subjects in this story]
Production expenses down Capital spending up for GOM, NWT
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