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) - December 20, 1995
                                
                                
                                
                     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 5.  Other Events

       For information concerning this item, please refer to
       Exhibit 99.1 hereto, which is incorporated herein by reference.

Item 7.  Financial Statements and Exhibits

       (c)  Exhibits

           (99.1)    Forest Oil Corporation press release
           announcing the completion of the acquisition of a
           controlling interest in Saxon Petroleum Inc.

       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:  December 21, 1995          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) - December 20, 1995
                                
                                
                                
                     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 5.  Other Events

       For information concerning this item, please refer to
       Exhibit 99.1 hereto, which is incorporated herein by reference.

Item 7.  Financial Statements and Exhibits

       (c)  Exhibits

           (99.1)    Forest Oil Corporation press release
           announcing the completion of the acquisition of a
           controlling interest in Saxon Petroleum Inc.

       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:  December 21, 1995          By: /s/ Daniel L. McNamara

                                   ____________________________
                                      Daniel L. McNamara
                                      Secretary