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Vol. 8, No. 20 Week of May 18, 2003
Providing coverage of Alaska and northern Canada's oil and gas industry


Forest slashes debt, expenses

Eyes 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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