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): February 26, 2007

                             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:

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

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

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

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



Item 2.02. Results of Operations and Financial Condition.

     On February 26, 2007, we issued a press release announcing our fourth
quarter and full year 2006 financial and operational results. The press release
is furnished and attached to this Current Report as Exhibit 99.1. The press
release contains certain non-GAAP financial information. The reconciliation of
such information to GAAP financial measures is included in the press release.


Item 7.01. Regulation FD Disclosure.

     On February 26, 2007, we provided guidance for 2007. This information is
contained in the press release furnished and attached to this Current Report as
Exhibit 99.1.

     The information in this Current Report, including Exhibit 99.1, is being
furnished pursuant to Items 2.02 and 7.01 of Form 8-K and shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or
otherwise subject to liabilities of that section.


Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit        Description
--------       -----------
99.1           Forest Oil Corporation press release dated February 26, 2007,
               entitled "Forest Oil Announces Fourth Quarter and Full Year 2006
               Results Including Highly Successful 2006 Drilling Program".



                                   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: February 27, 2007

                        By /s/ CYRUS D. MARTER IV
                        ---------------------------------------------
                        Cyrus D. Marter IV
                        Vice President, General Counsel and Secretary


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

Exhibit           Description
-------           ----------------
99.1                Forest Oil Corporation press release dated February 26,
                    2007, entitled "Forest Oil Announces Fourth Quarter and Full
                    Year 2006 Results Including Highly Successful 2006 Drilling
                    Program".