9.84%QQQQ 30.60 8.96%XLF 15.45 10.85%
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DENVER - Forest Oil Corp. said Monday it has increased its holdings in East Texas and North Louisiana as it seeks to exploit energy reserves in the region's Haynesville/Bossier Shale and nearby areas.
| FST | 22.56 |  -4.94 |
The company now has 113,000 net acres in the entire region, including 90,000 net acres of what it believes includes the Haynesville/Bossier Shale.
Forest currently produces the equivalent of 75 million to 80 million cubic feet of gas in the two-state region. Production is expected to rise to 85 million to 90 million cubic feet by the end of the year.
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