FOREST OIL CORP
4, 1999-06-10
CRUDE PETROLEUM & NATURAL GAS
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FORM 4
                                                                                                    --------------------------------
[ ] CHECK THIS BOX IF NO LONGER                                                                              OMB APPROVAL
    SUBJECT TO SECTION 16. FORM 4 OR                                                                --------------------------------
    FORM 5 OBLIGATIONS MAY CONTINUE.                                                                OMB NUMBER:           3235-0287
    SEE INSTRUCTION 1(b).                                                                           EXPIRES:   SEPTEMBER 30, 1998
    (PRINT OR TYPE RESPONSES)                                                                       ESTIMATED AVERAGE BURDEN
                                                                                                    HOURS PER RESPONSE..........0.5
                                                                                                    --------------------------------
                                               U.S. SECURITIES AND EXCHANGE COMMISSION
                                                       WASHINGTON, D.C. 20549

                                            STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

             Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
                         Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                      <C>                                                 <C>
1.Name and Address of Reporting Person*(1) 2. Issuer Name and Ticker or Trading Symbol       6. Relationship of Reporting
                                                                                                Person to Issuer
  Anschutz  Philip       F.                  Forest Oil Corporaiton          (FST)          (Check all applicable)
- --------------------------------------------------------------------------------------------
   (Last)   (First)   (Middle)           3. IRS or Social   4. Statement for Month/Year       [X] Director  [X] 10% Owner
                                            Security Number                                   [ ] Officer   [ ] Other
                                            of Reporting       May 1999                           (give title   (specify title
   2400 Qwest Tower 555 17th Street         Person, if an                                         below)        below)
- ---------------------------------------     entity (Voluntary)
        (Street)
                                                                                                  ----------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
    Denver, Colorado   80202                                5. If Amendment,    7. Individual or Joint/Group Filing
- ---------------------------------------                        Date of Original    (Check Applicable Line)
   (City)   (State)     (Zip)                                  (Month/Year)
                                                                                   [ ] Form filed by One Reporting Person
                                                                                   [X] Form filed by More than One Reporting Person
- ------------------------------------------------------------------------------------------------------------------------------------
                          TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security  2. Trans-   3. Trans-     4. Securities Acquired (A)        5. Amount of     6. Ownership Form:  7. Nature of
   (Instr.3)             action      action Code   or Disposed of (D)                Securities       Direct (D) or       Indirect
                         Date        (Instr. 8)    (Instr. 3,4 and 5)                Beneficially     Indirect (I)        Beneficial
                                                                                     Owned at End of  (Instr. 4)          Ownership
                         (Month/                                                     Month                                (Instr. 4)
                         Day/Year)-------------------------------------------------
                                     Code     V       Amount  (A) or (D)    Price   (Instr. 3 and 4)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock             5/10/99      A(1)    V       1,077        A       $9.2875   3,375 Shares           D
                                                                                  17,809,888 Shares         I                (2)
- ------------------------------------------------------------------------------------------------------------------------------------

Reminder:  Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, SEE Instruction 4(b)(v).                                             (OVER)
                                                                                                                     SEC 1474 (3/99)

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FORM 4 (continued)

  Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (E.G., puts, calls, warrants, options, convertible securities)
- ---------------------------------------------------------------------------------
<S>            <C>            <C>                <C>             <C>
1. Title of    2. Conversion  3. Transaction     4. Transaction  5. Number of
   Derivative     or Exercise    Date               Code            Derivative
   Security       Price of       (Month/Day/Year)   (Instr. 8)      Securities
   (Instr. 3)     Derivative                                        Acquired (A)
                  Security                                          or Disposed
                                                                    of (D)

                                                ---------------------------------
                                                      Code    V    (A)      (D)
- ---------------------------------------------------------------------------------

- ---------------------------------------------------------------------------------
FORM 4 (continued)

          Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
                   (E.G., puts, calls, warrants, options, convertible securities)
- -----------------------------------------------------------------------------------------------------------
 <S>                <C>                   <C>            <C>            <C>               <C>
  6. Date            7. Title and Amount   8. Price of    9. Number of   10. Ownership     11. Nature of
     Exercisable        of Underlying         Derivative     Derivative      Form of           Indirect
     and Expiration     Securities            Security       Securities      Derivative        Beneficial
     Date               (Instr. 3 and 4)                     Beneficially    Security:         Ownership
     (Month/Day/Year)                                        Owned at        Direct (D) or     (Instr. 4)
                                                             End of          Indirect (I)
                                                             Month           (Instr. 4)
                                                             (Instr. 4)
 ------------------------------------------
                                Amount
  Date     Expir-               or
  Exer-    ation                Number
  cisable  Date        Title    of Shares
- -----------------------------------------------------------------------------------------------------------

- -----------------------------------------------------------------------------------------------------------
</TABLE>
Explanation of Responses:

(1) Shares acquired  pursuant to a grant under the Forest Oil Corporation  Stock
Incentive Plan, as amended and restated as of March 22, 1996 and approved by the
stockholders  of Forest Oil  Corporation  on May 8, 1996 and May 14,  1997.  The
acquisition is an exempt transaction pursuant to Rule 16b-3 under the Securities
Exchange Act of 1934.

(2) Philip F.  Anschutz  is the owner of 100% of the  capital  stock of Anschutz
Company,  which is the  owner  of 100% of the  capital  stock  of The  Anschuitz
Corporation, which is the registered owner of the securities indicated.

(3) Philip F. Asnchutz  executed a Power of Attorney that  authorizes  Thomas A.
Richardson to sign this Form 4 on his behalf as an individual,  on his behalf as
Chairman of The Anschutz  Corporation  and on his behalf as Chairman of Anschutz
Company.

**  Intentional  misstatements or omissions of facts constitute Federal Criminal
Violations SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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<S>                                                                                <C>
Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see instruction 6 for procedure.
                                                                                    Philip F. Anschutz

Potential persons who are to respond to the collection of information contained     By:   /s/ THOMAS A. RICHARDSON           6/9/99
in this form are not required to respond unless the form displays a currently             ------------------------           ------
valid OMB number.                                                                             Thomas A Richardson            Date
Page 2                                                                                        Attorney-in-fact(3)
                                                                                          **Signature of Reporting Person

Reminder:  Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, SEE Instruction 4(b)(v).

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<PAGE>

                                JOINT INFORMATION

              Name:                Anschutz Company

              Address:             2400 Qwest Tower
                                   555 17th Street
                                   Denver, Colorado 80202

              Designated Filer:    Philip F. Anschutz

              Issuer and Trading
              Symbol:              Forest Oil Corporation (FST)

              Statement for
              Month/Year:          May 1999

              Signature:           Anschutz Company

                                   By:  /s/ THOMAS A. RICHARDSON  6/9/99
                                        ------------------------  -----------
                                        Philip F. Anschutz        Date
                                        Chairman

                                        ATTORNEY-IN-FACT (2)


              Name:                The Anschutz Corporation

              Address:             2400 Qwest Tower
                                   555 17th Street
                                   Denver, Colorado 80202

              Designated Filer:    Philip F. Anschutz

              Issuer and Trading
              Symbol:              Forest Oil Corporation (FST)

              Statement for
              Month/Year:          May 1999

              Signature:           The Anschutz Corporation

                                   By:  /s/ THOMAS A. RICHARDSON  6/9/99
                                        ------------------------  -----------
                                        Philip F. Anschutz        Date
                                        Chairman

                                        ATTORNEY-IN-FACT (3)


                                                 Attachment to SEC 1474 (1/9/97)
                                                                     Page 3 of 3



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