Forest Oil (FST) now has 102,900 gross, or 72,300 net acres under lease in the Haynesville Shale in Louisiana and Texas.
Forest Oil has 27,900 net acres in Red River and Sabine Parish in Louisiana, and Shelby County, Texas. The company also has 44,400 net acres in Harrison, Panola, and Rusk Counties in Texas.
Forest Oil drilled and completed five Haynesville Shale wells during the second quarter of 2010. The first three wells had an average initial production rate of 18 million cubic feet equivalent per day and operated with an unrestricted flow rate.
Forest Oil is operating the final two wells under a restricted flow rate program, as the company believes that this will enhance the long-term productivity of the wells. These two wells had its production rates curtailed rate between 13 and 14 million cubic feet equivalent per day.