8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of report (Date of earliest event reported):   April 3, 2006

FOREST OIL CORPORATION

(Exact name of registrant as specified in its charter)

New York

(State or other jurisdiction of incorporation)

1-13515	25-0484900
(Commission File Number)	(IRS Employer Identification No.)
707 17th Street, Suite 3600, Denver, Colorado	80202
(Address of principal executive offices)	(Zip Code)

303.812.1400

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.              Regulation FD Disclosure.

                On April 3, 2006, Forest announced that it completed its previously announced acquisition of assets including approximately 26,000 net acres (14,000 net undeveloped) located primarily in the Cotton Valley play in East Texas.  Forest paid approximately $255 million cash consideration for the assets (subject to customary closing adjustments).  Forest funded the entire purchase price utilizing its existing credit facility.

                The information furnished pursuant to Item 7.01 in this report on Form 8-K shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liability of that section, unless Forest specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Securities Act of 1933 or the Exchange Act.

Item 9.01.              Financial Statements and Exhibits.

(d)           Exhibits.

Exhibit	Description
99.1	Forest Oil Corporation press release dated April 3, 2006, entitled “Forest Oil Completes Acquisition of East Texas Cotton Valley Assets.”

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 SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FOREST OIL CORPORATION
	(Registrant)
Dated: April 3, 2006	By	/s/ CYRUS D. MARTER IV
		Cyrus D. Marter IV
		Vice President, General Counsel and Secretary

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INDEX TO EXHIBITS FILED WITH THE CURRENT REPORT ON FORM 8-K

Exhibit	Description
99.1	Forest Oil Corporation press release dated April 3, 2006, entitled “Forest Oil Completes Acquisition of East Texas Cotton Valley Assets.”

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EX-99.1

Exhibit 99.1

NEWS	FOR FURTHER INFORMATION
FOREST OIL CORPORATION	CONTACT: PATRICK J. REDMOND
707 17TH STREET, SUITE 3600	DIRECTOR — INVESTOR RELATIONS
DENVER, COLORADO 80202	303.812.1441

FOREST OIL COMPLETES ACQUISITION OF EAST

TEXAS COTTON VALLEY ASSETS

DENVER, COLORADO — April 3, 2006 - Forest Oil Corporation (Forest) (NYSE:FST) announced today that it completed its previously announced acquisition of producing assets including approximately 26,000 net acres (14,000 net undeveloped) located primarily in the Cotton Valley play in East Texas.  The acquisition adds 110 Bcfe of proved reserves and another low risk repeatable onshore development play with a growing production profile and over 300 potential drilling locations.

The cash consideration paid at closing for the oil and gas assets is approximately $255 million (subject to customary closing adjustments). Forest funded 100 percent of its purchase price utilizing its existing credit facility.

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Forest Oil Corporation is engaged in the acquisition, exploration, development, and production of natural gas and crude oil in North America and selected international locations.  Forest’s principal reserves and producing properties are located in the United States in Alaska, Louisiana, Oklahoma, Texas, Utah, and Wyoming, and in Canada.  Forest’s common stock trades on the New York Stock Exchange under the symbol FST.  For more information about Forest, please visit its website at www.forestoil.com.

April 3, 2006

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