DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2011

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]

The table below sets forth the effects of changes in Forest’s ownership interest in Lone Pine on Forest’s equity.



	Three Months Ended September 30, 2011			Nine Months Ended September 30, 2011
	(In Thousands)
Net earnings attributable to Forest Oil Corporation	$	82,795		$	118,375
Transfers from (to) the noncontrolling interest:
Increase in Forest Oil Corporation’s capital surplus for sale of 15 million Lone Pine Resources Inc. common shares	(269		)	112,610
Decrease in Forest Oil Corporation’s capital surplus for spin-off of 70 million Lone Pine Resources Inc. common shares	(333,568		)	(333,568		)
Change from net earnings attributable to Forest Oil Corporation and transfers from (to) noncontrolling interest	$	(251,042	)	$	(102,583	)

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The table below presents the major classes of assets and liabilities included in the discontinued operations classifications within the Condensed Consolidated Balance Sheet as of December 31, 2010.



	December 31, 2010
	(In Thousands)

Cash	$	576
Accounts receivable	33,405
Other current assets	16,161
Current assets of discontinued operations	$	50,142

Net property and equipment	$	645,405
Goodwill	17,422
Other assets	2,222
Long-term assets of discontinued operations	$	665,049

Accounts payable and accrued liabilities	$	42,202
Other current liabilities	3,445
Current liabilities of discontinued operations	$	45,647

Deferred income taxes	$	57,560
Asset retirement obligations	13,741
Other long-term liabilities	3,172
Long-term liabilities of discontinued operations	$	74,473

The table below presents the major components of earnings from discontinued operations for the periods presented.



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(In Thousands)
	(Unaudited)
Total revenues	$	50,298		$	35,193		$	137,834		$	110,864
Direct operating expenses	13,902			10,108			40,350			27,885
General and administrative	3,255			1,694			8,846			5,525
Depreciation, depletion, and amortization	20,799			15,875			60,780			45,516
Interest expense	3,000			82			3,866			274
Realized and unrealized gains on derivative instruments, net	(28,498		)	—			(33,628		)	—
Other, net	235			(9,026		)	(4,053		)	(4,561		)
Earnings from discontinued operations before tax	37,605			16,460			61,673			36,225
Income tax	9,497			3,120			17,104			8,664
Earnings from discontinued operations, net of tax	$	28,108		$	13,340		$	44,569		$	27,561

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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