Forest makes gas finds in Alaska, Rockies

Feb. 18, 2005
Forest Oil Corp., Denver, reported two successful exploration wells: in the Cook Inlet area of Alaska, where it has more than 1.1 million net undeveloped acres, and in the Green River basin of Utah.

By OGJ editors
HOUSTON, Feb. 18 -- Forest Oil Corp., Denver, reported two successful exploration wells in the Cook Inlet area of Alaska, where it has more than 1.1 million net undeveloped acres.

Its 100%-owned West Foreland 2 well, drilled upstructure from the West Foreland 1, tested 15 MMcfd of gas equivalent from two zones.

The Three Mile Creek Unit 1 well, in which Forest holds a 30% interest, tested at an initial rate of 2 MMcfd of gas equivalent from shallow Beluga intervals. Further testing is scheduled for spring, if weather conditions enable a rig to maneuver in Cook Inlet.

Also, Forest made a gas discovery in the Green River basin of Utah. Hickory 4-20 on the south plunge of the Moxa arch reached 13,400 ft TD and encountered 22 ft of high-quality pay and excellent gas shows.

Forest operates the well with a 58% working interest and has more than 8,000 gross acres in the prospect area. The play was internally generated and supported by proprietary 3D seismic. Additional follow-up opportunities exist and will be pursued after the well is tested and completed.