From the companies press release:

http://phx.corporate-ir.net/phoenix.zhtml?c=92251&p=irol-newsAr...


Forest Oil Announces Results of the Third and Fourth Operated Horizontal Texas Panhandle Granite Wash Wells Each with a Production Rate of 37 MMcfe/d

DENVER, Jan 14, 2010 (BUSINESS WIRE) -- Forest Oil Corporation (NYSE: FST) (Forest or the Company) today announced results from its third and fourth operated horizontal Texas Panhandle Granite Wash wells. In December of 2009, the third operated horizontal well produced at a 24-hour production rate of 15.1 MMcf/d, 1,200 Bbls/d of oil and condensate and 2,400 Bbls/d of natural gas liquids, for an equivalent rate of 37 MMcfe/d. In January of 2010, the fourth operated horizontal well produced at a 24-hour production rate of 16.0 MMcf/d, 1,300 Bbls/d of oil and condensate and 2,200 Bbls/d of natural gas liquids, for an equivalent rate of 37 MMcfe/d. These wells were drilled and completed with horizontal legs of approximately 4,200 feet and nine to ten stages of fracture stimulation for an average total well cost of approximately $6.8 million.
As is detailed in the table below, 24-hour production rates have improved in the most recent wells as Forest has been drilling longer laterals and adding fracture stages.



H. Craig Clark, President and CEO, stated, "Our Texas Panhandle Granite Wash program continues to exceed our expectations, not only from the extremely high gas rates, but also the strong liquid components associated with these wells. Our most recent wells had total liquids of approximately 58% of the total equivalent production rate, which contained an average of 1,250 Bbls/d of oil and condensate. Based on the oil component from our three most recent wells, Forest's recently divested Permian Basin oil production may be replaced by this area. In addition, we continue to reduce the well costs in this area and believe we can see further improvement. Forest expects to run four rigs in the Texas Panhandle in 2010."