Forest Oil (OTCMKTS:SOGCQ) is an independent exploration and production company engaged in the development and extraction of crude oil, natural gas and natural gas liquids. The company focuses on unconventional resource plays across North America, employing horizontal drilling and hydraulic fracturing technologies to optimize production from tight formations. Its primary business activities include asset acquisition, field development, reservoir management and marketing of hydrocarbons to domestic and international customers.
Founded in the early 20th century, Forest Oil has evolved through a series of mergers and strategic transactions that have shaped its portfolio. Originally established as a regional producer, the company expanded into the Gulf of Mexico and Rocky Mountain regions in the 1990s and 2000s. In 2014, Forest Oil completed a business combination that refocused its slate of assets and transitioned its public listing to the OTC marketplace under the symbol SOGCQ. Throughout its history, the company has pursued a disciplined approach to capital allocation and operational efficiency.
Forest Oil’s current asset base spans several key North American resource basins. Its operated positions include unconventional plays in the Powder River Basin of Wyoming, the Marcellus Shale in Appalachia and the Eagle Ford Shale in South Texas. The company maintains field offices in Denver and Houston, supported by geoscience and engineering teams that oversee drilling programs, production optimization and environmental compliance. Forest Oil leverages strategic partnerships and midstream agreements to ensure reliable takeaway capacity for its produced volumes.
Leadership at Forest Oil is comprised of industry veterans with decades of upstream and midstream experience. The executive team is committed to cost management, operational safety and sustainable development practices. With a board of directors drawn from diverse energy backgrounds, the company emphasizes strong governance and alignment of interests with its stakeholders as it works to enhance shareholder value through disciplined growth initiatives.
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