Forest Oil Corp., Denver, (NYSE: FST) has closed its previously announced sale of oil and gas properties in the Rockies to an undisclosed buyer for $200 million. Forest had reduced its asking price of $258 million in mid-November.

The assets include Forest’s Niobrara and San Juan properties and other properties in Wyoming and Utah, which produce 21 million cubic feet equivalent per day. Forest estimates its fourth-quarter production after the sale will average 568- to 583 million cubic feet equivalent per day.

After the sale of the assets, Forest’s available borrowing base under its credit facility is $1.8 billion.