Forest Oil (FST) continues to deleverage, announcing the sale of all of its South Texas...

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

Forest Oil (FST) continues to deleverage, announcing the sale of all of its South Texas properties - excluding those in the Eagle Ford shale - for after-tax proceeds of $325M. The money will be used to pay down debt. The properties generated about $60M of lease-level income in 2012. (PR)