Denver, CO-based Forest Oil Corp. has agreed to sell all of its properties located in South Louisiana for approximately $220 million.

Forest Oil Corp. has named Patrick R. McDonald as president and CEO. McDonald has served as interim CEO since June 21, 2012.

Strong drilling results, coupled with the large prospective area, and magnitude of the resource potential, combine to make the Eagle Ford Shale play in South Texas a contender for the best tight oil play in the US, according to a new report from IHS.

H. Craig Clark has left his position as CEO of Forest Oil Corp. after nine years in the post, various media outlets are reporting.

Forest Oil Corp. announced its acreage position of 68,500 gross acres (63,000 net) prospective for the Wolfbone oil play in Pecos and Reeves Counties, Texas.

Following a rise in popularity in the oil and gas upstream sector in 2010, joint venture agreements played a dominant role as a source of low cost funding in 2011—with unconventional resources drawing the most attention, noted analyst at Stifel Nicolaus.

New York-based Global X Funds, a provider of exchange traded funds (ETFs), has launched a new fund: the Global X Oil Equities ETF (NYSEArca: XOIL).