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Industry Brief

Forest Oil Corp. has agreed to pay $20 million to acquire some Texas properties from BP America Production Co. and Brammer Engineering Inc., according to a Securities and Exchange Commission Form 8-K filing. No other details were provided. Forest's principal reserves and producing properties are in East and South Texas, Arkansas, Louisiana and Oklahoma. It is readying a merger with junior producer Sabine Oil & Gas LLC, whose main operations are in Texas (see Shale DailyMay 6). The proposed merger is expected to be completed before the end of the year; a special meeting of shareholders is scheduled for Nov. 20 to vote on the proposed stock swap.

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