Sabine and Forest Oil complete all-stock business combination

Sabine Oil & Gas LLC and Forest Oil Corp.

Sabine Oil & Gas LLC and Forest Oil Corp. have closed their all-stock business combination on a revised basis. The combined entity intends to change its name to Sabine Oil & Gas Corp., and will be headquartered in Houston, Texas.

The combined company will be led by David Sambrooks, president and CEO; Todd Levesque, executive vice president and COO; and Michael Magilton, senior vice president and CFO. Sabine Oil & Gas Corp. will be an operator and lease holder in East Texas. The combination also results in core positions in the Eagle Ford, North Louisiana Haynesville, and Granite Wash shale plays.

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