Sabine Oil & Gas Merger with Forest Oil Corporation

Sabine Investors Will Hold 73.5% of New Company's Stock
Forest Oil Eagle Ford Acreage Map Year-end 2013

Forest Oil Eagle Ford Acreage Map Year-End 2013 | Click to Enlarge

Houston-based Sabine Oil and Gas and Denver-based Forest Oil Corp will merge in an all-stock transaction.

At closing, which is expected some time during the fourth quarter, Sabine investors will hold 73.5% of the combined company’s stock. The announcement of the merger was revealed by both companies in early May of 2014.




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NFR Energy Makes Eagle Ford Acquisition – $81 Million

NFR Energy is also Changing Its Name to Sabine Oil & Gas, LLC
NFR Energy Eagle Ford Map

NFR Energy Eagle Ford Acreage Map | Click to Enlarge

NFR Energy is acquiring $736 million in properties and plans to change its company name. The deal includes the acquisition of 66,300 net acres and 6,500 boe/d of production in the Anadarko Basin and Eagle Ford of South Texas.

The company is spending $655 million for assets in the Anadarko Basin in North Texas and Oklahoma, along with $81 million for Eagle Ford assets. The Eagle Ford assets include 2,300 acres in what the company calls the “core of the core” in DeWitt County. [Read more…]