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Forest Oil Corporation
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Raymond James 32nd Annual Institutional Investors Conference
| James D. Lightner | Page 6 of 11 |
April 23, 2024
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Texas Panhandle Fully Develop Operated Wells Gross Gas (MMcf/d)** Gross Liquids (Bbls/d)** Equivalent (MMcfe/d)** Ochiltree Lipscomb Program Average (27 wells) 11.0 2,450 26 y Spend 50% of total Company capital budget in the Texas Panhandle in 2011 y Increase to 6 rig program in Q1 2011 Hemphill KELLN CANADIAN SE y Forecast to drill approximately 40 operated horizontal wells in 2011 y Focus on liquids-rich zones as they provide the highest ROR Roberts MENDOTA RANCH BUFFALO WALLOW y Continue expansion of Granite Wash horizontal drilling to Hemphill County y Continue to test “new” zones within the Granite Wash and Atoka members CAMP SOUTH y Numerous stacked producing intervals have potential to expand the application of horizontal drilling and completion technology y Database of over 600 wells in the Texas Panhandle provide extensive knowledge base of the area Gray Wheeler FRYE RANCH 6 Panhandle 165,000 101,000 1,062 1,892 * As of December 31, 2009 and does not include estimated proved reserves or locations associated with estimated proved reserves ** Based on 24 hour IP rate Gross Acres Net Acres Other Identified Drilling Locations (Gross)* Unrisked Potential (Net Bcfe)*