SECURITIES AND EXCHANGE COMMISSION
                                
                                
                     Washington, D. C. 20549
                                
                                
                                
                            FORM 8-K
                                
                                
                                
                         CURRENT REPORT
                                
                                
                                
                  Pursuant to Section 13 of the
                 Securities Exchange Act of 1934
                                
                                
                                
 Date of Report (Date of earliest event reported) - February 3, 1998
                                
                                
                                
                     FOREST OIL CORPORATION
     (Exact name of registrant as specified in its charter)



   New York                  0-4597                 25-0484900
(State or other juris-    (Commission             (IRS Employer
diction of incorporation) file number)         Identification No.)


     2200 Colorado State Bank Building, 1600 Broadway, Denver, CO  80202
               (Address of principal executive offices)   (Zip Code)
                                
                                
      Registrant's telephone number, including area code: (303) 812-1400
                                
                                

Item 2.  Acquisition or Disposition of Assets

       On February 3, 1998, Forest Oil Corporation (the
"Company") completed the acquisition of 13 oil and natural gas
properties located onshore Louisiana.  Total consideration of
approximately $231 million included $216.7 million cash and one
million shares of the Company's common stock.  The properties
were acquired from LLOG Exploration Company ("LLOG") and its
related entities.  The Company financed the acquisition with the
net proceeds from the sale of $75 million of the Company's 8 3/4%
Senior Subordinated Notes due 2007, 1998 Series and borrowings
under the Company's Credit Facility, the agent of which is The
Chase Manhattan Bank.

Item 7.  Financial Statements and Exhibits

          (a) & (b)

            Financial statements required to be filed as exhibits
to this Form 8-K will be filed with a Form 8-K/A on or before
March 31, 1998.

       (c)  Exhibits

           ( 2.1)   Purchase and Sale Agreement between LLOG
       Exploration Company and Forest Oil Corporation dated
       January 7, 1998.

           (99.1)    Forest Oil Corporation press release
       announcing the closing of the previously announced
       purchase of 13 oil and natural gas properties located
       onshore Louisiana.


       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:  February 11, 1998          By: /s/ Daniel L. McNamara
                                      Daniel L. McNamara
                                      Secretary
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SECURITIES AND EXCHANGE COMMISSION
                                
                                
                     Washington, D. C. 20549
                                
                                
                                
                            FORM 8-K
                                
                                
                                
                         CURRENT REPORT
                                
                                
                                
                  Pursuant to Section 13 of the
                 Securities Exchange Act of 1934
                                
                                
                                
 Date of Report (Date of earliest event reported) - February 3, 1998
                                
                                
                                
                     FOREST OIL CORPORATION
     (Exact name of registrant as specified in its charter)

   New York                  0-4597                 25-0484900
(State or other juris-    (Commission             (IRS Employer
diction of incorporation) file number)         Identification No.)

     2200 Colorado State Bank Building, 1600 Broadway, Denver, CO  80202
               (Address of principal executive offices)   (Zip Code)
                                
                                
      Registrant's telephone number, including area code: (303) 812-1400
                                
                                

Item 2.  Acquisition or Disposition of Assets

       On February 3, 1998, Forest Oil Corporation (the
"Company") completed the acquisition of 13 oil and natural gas
properties located onshore Louisiana.  Total consideration of
approximately $231 million included $216.7 million cash and one
million shares of the Company's common stock.  The properties
were acquired from LLOG Exploration Company ("LLOG") and its
related entities.  The Company financed the acquisition with the
net proceeds from the sale of $75 million of the Company's 8 3/4%
Senior Subordinated Notes due 2007, 1998 Series and borrowings
under the Company's Credit Facility, the agent of which is The
Chase Manhattan Bank.

Item 7.  Financial Statements and Exhibits

          (a) & (b)

            Financial statements required to be filed as exhibits
to this Form 8-K will be filed with a Form 8-K/A on or before
March 31, 1998.

       (c)  Exhibits

           ( 2.1)   Purchase and Sale Agreement between LLOG
       Exploration Company and Forest Oil Corporation dated
       January 7, 1998.

           (99.1)    Forest Oil Corporation press release
       announcing the closing of the previously announced
       purchase of 13 oil and natural gas properties located
       onshore Louisiana.

       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:  February 11, 1998          By: /s/ Daniel L. McNamara
                                      Daniel L. McNamara
                                      Secretary