SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 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) May 8, 2002



                             FOREST OIL CORPORATION
               (Exact name of registrant as specified in charter)



             New York                   1-13515            25-0484900
      (State or other juris-          (Commission         (IRS Employer
     diction of incorporation)        file number)      Identification No.)



                   1600 Broadway, Suite 2200, Denver, CO 80202
               (Address of principal executive offices) (Zip Code)


        Registrant's telephone number, including area code: 303.812.1400



ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(a)  Financial Statements.

     Not applicable.

(b)  Pro Forma Financial Information.

     Not applicable.

(c)  Exhibits.



     EXHIBIT   DESCRIPTION
     -------   -----------
            
      99.1     Forest Oil Corporation press release dated May 8, 2002, entitled
               "Forest Oil Announces 2002 Second Quarter Guidance"



ITEM 9. REGULATION FD DISCLOSURE.

     In accordance with General Instruction B.2 of Form 8-K, the following
information, including Exhibit 99.1, shall not be deemed filed for purposes of
Section 18 of the Securities and Exchange Act of 1934, nor shall such
information and Exhibit be deemed incorporated by reference in any filing under
the Securities Act of 1933, except as shall be expressly set forth by specific
reference in such a filing.

     The registrant issued a press release dated May 8, 2002 announcing its 2002
second quarter guidance, which is attached to this Form 8-K as Exhibit 99.1.



                                   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: May 9, 2002                      By /s/ Joan C. Sonnen
                                           ------------------------------
                                           Joan C. Sonnen
                                           Vice President - Controller
                                           and Chief Accounting Officer



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



EXHIBIT   DESCRIPTION
-------   -----------
       
 99.1      Forest Oil Corporation press release dated May 8, 2002, entitled
          "Forest Oil Announces 2002 Second Quarter Guidance"






                                   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: May 9, 2002                      By /s/ Joan C. Sonnen
                                           ------------------------------
                                           Joan C. Sonnen
                                           Vice President - Controller
                                           and Chief Accounting Officer