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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...