FOREST OIL CORP
SC 13D/A, 1998-09-04
CRUDE PETROLEUM & NATURAL GAS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 11)*

                             FOREST OIL CORPORATION
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                          COMMON STOCK, $.10 PAR VALUE
                     --------------------------------------
                         (Title of Class of Securities)

                                    346091606
                              ---------------------
                                 (CUSIP Number)

Craig D. Slater                                Drake S. Tempest, Esq.
The Anschutz Corporation                       O'Melveny & Myers LLP
2400 Qwest Tower                               The Citicorp Center
555 Seventeenth Street                         153 East 53rd Street, 54th Floor
Denver, Colorado  80202                        New York, New York 10022-4611
(303) 298-1000                                 (212) 326-2000
- --------------------------------------------------------------------------------

                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                September 1, 1998
          -------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)


         If the filing person has  previously  filed a statement on Schedule 13G
to report the  acquisition  which is the subject of this  Schedule  13D,  and is
filing this schedule  because of Rule  13d-1(b)(3)  or (4),  check the following
box.

         Note: Six copies of this statement,  including all exhibits,  should be
filed with the  Commission.  See Rule  13d-1(a) for other parties to whom copies
are to be sent.


- ------------
         * The  remainder of this cover page shall be filled out for a reporting
person's  initial  filing on this  form with  respect  to the  subject  class of
securities,  and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

         The information  required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("ACT") or otherwise  subject to the  liabilities of that section of
the Act but shall be subject to all other  provisions of the Act  (however,  SEE
the NOTES).

CUSIP Number   346091606
               ---------

<PAGE>

- --------------------------------------------------------------------------------
1        NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                      The Anschutz Corporation

- --------------------------------------------------------------------------------
2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

                                                                    (a)  [X]

                                                                    (b)  [ ]
- --------------------------------------------------------------------------------
3        SEC USE ONLY

- --------------------------------------------------------------------------------
4        SOURCE OF FUNDS

                WC; OO
- --------------------------------------------------------------------------------
5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
         REQUIRED PURSUANT TO ITEM 2(d) or 2(e)             [ ]

- --------------------------------------------------------------------------------
6        CITIZENSHIP OR PLACE OF ORGANIZATION

                Kansas

- --------------------------------------------------------------------------------
NUMBER OF                            7      SOLE VOTING POWER
SHARES                                                                         0
BENEFICIALLY                                ------------------------------------
OWNED BY                             8      SHARED VOTING POWER
EACH REPORT-                                                          17,884,288
ING PERSON                                  ------------------------------------
WITH                                 9      SOLE DISPOSITIVE POWER
                                                                               0
                                            ------------------------------------
                                     10     SHARED DISPOSITIVE POWER
                                                                      17,884,288
                                            ------------------------------------

- --------------------------------------------------------------------------------
11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           17,884,288

- --------------------------------------------------------------------------------
12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
         EXCLUDES CERTAIN SHARES                            [ ]

- --------------------------------------------------------------------------------
13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

            40.1%

- --------------------------------------------------------------------------------
14       TYPE OF REPORTING PERSON

           CO
- --------------------------------------------------------------------------------

                                Page 2 of 9 Pages
<PAGE>

- --------------------------------------------------------------------------------
1        NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                      Anschutz Company

- --------------------------------------------------------------------------------
2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

                                                               (a)  [X]

                                                               (b)  [ ]
- --------------------------------------------------------------------------------
3        SEC USE ONLY

- --------------------------------------------------------------------------------
4        SOURCE OF FUNDS

               WC; OO
- --------------------------------------------------------------------------------
5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
         REQUIRED PURSUANT TO ITEM 2(d) or 2(e)             [ ]

- --------------------------------------------------------------------------------
6        CITIZENSHIP OR PLACE OF ORGANIZATION

               Delaware
- --------------------------------------------------------------------------------
NUMBER OF                            7      SOLE VOTING POWER
SHARES                                                                         0
BENEFICIALLY                                ------------------------------------
OWNED BY                             8      SHARED VOTING POWER
EACH REPORT-                                                          17,884,288
ING PERSON                                  ------------------------------------
WITH                                 9      SOLE DISPOSITIVE POWER
                                                                               0
                                            ------------------------------------
                                     10     SHARED DISPOSITIVE POWER
                                                                      17,884,288
                                            ------------------------------------

- --------------------------------------------------------------------------------
11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             17,884,288

- --------------------------------------------------------------------------------
12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
         EXCLUDES CERTAIN SHARES                            [ ]

- --------------------------------------------------------------------------------
13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

            40.1%
- --------------------------------------------------------------------------------
14       TYPE OF REPORTING PERSON

           CO
- --------------------------------------------------------------------------------

                                Page 3 of 9 Pages

<PAGE>

- --------------------------------------------------------------------------------
1        NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                      Philip F. Anschutz

- --------------------------------------------------------------------------------
2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

                                                               (a)  [X]

                                                               (b)  [ ]
- --------------------------------------------------------------------------------
3        SEC USE ONLY

- --------------------------------------------------------------------------------
4        SOURCE OF FUNDS

               WC; OO
- --------------------------------------------------------------------------------
5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
         REQUIRED PURSUANT TO ITEM 2(d) or 2(e)             [  ]

- --------------------------------------------------------------------------------
6        CITIZENSHIP OR PLACE OF ORGANIZATION

               United States of America

- --------------------------------------------------------------------------------
NUMBER OF                            7        SOLE VOTING POWER
SHARES                                                                     2,298
BENEFICIALLY                                  ----------------------------------
OWNED BY                             8        SHARED VOTING POWER
EACH REPORT-                                                          17,884,288
ING PERSON                                    ----------------------------------
WITH                                 9        SOLE DISPOSITIVE POWER
                                                                           2,298
                                              ----------------------------------
                                     10       SHARED DISPOSITIVE POWER
                                                                      17,884,288
                                              ----------------------------------

- --------------------------------------------------------------------------------
11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            17,886,586
- --------------------------------------------------------------------------------
12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
         EXCLUDES CERTAIN SHARES                            [ ]

- --------------------------------------------------------------------------------
13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

            40.1%
- --------------------------------------------------------------------------------
14       TYPE OF REPORTING PERSON

           IN
- --------------------------------------------------------------------------------

                                Page 4 of 9 Pages
<PAGE>

         This Amendment No. 11 to Schedule 13D (the "SCHEDULE  13D"),  which was
filed on May 26, 1995 by The  Anschutz  Corporation  ("TAC"),  Anschutz  Company
("AC")  and  Philip F.  Anschutz  ("ANSCHUTZ"),  and which  relates to shares of
Common  Stock,  par  value  $.10 per  share  ("COMMON  STOCK"),  of  Forest  Oil
Corporation (the  "COMPANY"),  as amended by Amendment No. 1, which was filed on
July 28, 1995 (the  "AMENDMENT  NO. 1"), as further  amended by Amendment No. 2,
which was filed on February 7, 1996 (the  "AMENDMENT NO. 2"), as further amended
by Amendment No. 3, which was filed on August 5, 1996 (the  "AMENDMENT  NO. 3"),
as  further  amended  by  Amendment  No.  4, as filed on  November  8, 1996 (the
"AMENDMENT  NO. 4"), as further  amended by Amendment  No. 5, as filed on August
28, 1997 (the  "AMENDMENT  NO. 5"), as further  amended by  Amendment  No. 6, as
filed on January 20, 1998  ("AMENDMENT  NO. 6"), as further amended by Amendment
No. 7, as filed on May 15,  1998  ("AMENDMENT  NO.  7"),  as further  amended by
Amendment  No. 8, which was filed on July 8, 1998 (the  "AMENDMENT  NO.  8"), as
further  amended by  Amendment  No. 9,  which was filed on August 25,  1998 (the
"AMENDMENT  NO. 9"), as further  amended by Amendment No. 10, which was filed on
September 1, 1998  ("AMENDMENT NO. 10"),  hereby further amends Items 3 and 5 of
the Schedule 13D. Unless otherwise indicated, all capitalized terms used but not
defined  herein shall have the same meaning as set forth in the Schedule 13D, as
so amended.

         This  Amendment No. 11 reflects  TAC's belief that the number of shares
of Common Stock outstanding on August 31, 1998 was 44,645,879 shares.

ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

         Funds used to purchase the 74,400  shares of Common  Stock  referred to
below in Item 5 were provided by cash and short-term investments of TAC.

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER

         The  information  previously  furnished  in  response  to this  item is
amended to read as follows:

         On September 1, 1998,  TAC  acquired  74,400  shares of Common Stock at
$8.56 per share in a market transaction effected on the New York Stock Exchange.

         As of the date of this Amendment No. 11, and after giving effect to the
purchases referred to in the preceding paragraph:

              (i)   TAC is the direct  beneficial owner, and AC and Anschutz are
     indirect beneficial owners, of 17,884,288 shares of Common Stock; and

                               Page 5 of 9 Pages
<PAGE>

              (ii)  Anschutz is the direct  beneficial  owner of 2,298 shares of
     Common  Stock,

     which 17,886,586  shares of Common Stock in the aggregate are approximately
     40.1% of the shares of Common Stock that TAC believes were  outstanding  on
     August 31, 1998.

         TAC and its affiliates, including, without limitation, AC and Anschutz,
are subject to certain  restrictions on the voting,  acquisition and disposition
of shares of Common Stock and other equity securities of the Company.  Reference
is made to Item 4 of the Schedule 13D, as amended by Amendment  Nos. 1, 2 and 7,
for a summary of such restrictions,  as well as to the Shareholders Agreement to
Shareholders  Agreement  attached as Exhibit 6 to Amendment  No. 2, Exhibit 8 to
Amendment  No. 7, Exhibit 99.3 to the Current  Report on Form 8-K of the Company
filed with the SEC on July 9, 1998, which is incorporated herein by reference as
Exhibit  9, and  Exhibit  99.1 to  Amendment  No.  10,  pursuant  to which  such
restrictions have been imposed.

                               Page 6 of 9 Pages
<PAGE>

                                    SIGNATURE


         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.



September 4, 1998
- -----------------------------------
Date



THE ANSCHUTZ CORPORATION




By /s/ PHILIP F. ANSCHUTZ
   --------------------------------
       Philip F. Anschutz, Chairman

                                Page 7 of 9 Pages
<PAGE>

                                    SIGNATURE


         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.



September 4, 1998
- -----------------------------------
Date



ANSCHUTZ COMPANY




By /s/ PHILIP F. ANSCHUTZ
   --------------------------------
       Philip F. Anschutz, Chairman

                                Page 8 of 9 Pages
<PAGE>

                                    SIGNATURE


         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.



September 4, 1998
- -----------------------------------
Date



By /s/ PHILIP F. ANSCHUTZ
   --------------------------------
       Philip F. Anschutz



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