Forest Oil begins winding up vertically integrated drilling operations

|About: Forest Oil Corporation (FST)|By:, SA News Editor

Forest Oil (FST) discloses that it began the initial steps in winding up its vertically integrated drilling operations, transitioning to the exclusive use of third-party drilling rigs.

Part of the action includes a workforce reduction, which FST estimates will result in costs of $6.5M-$7.5M.