PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Divestiture Exit Costs

In connection with the Panhandle divestiture, Forest incurred exit costs consisting of $4.7 million of one-time employee termination benefits and $8.1 million of other associated costs. No further significant exit costs are expected to be incurred for this divestiture. A reconciliation of the beginning and ending liability balances for these exit costs for the six months ended June 30, 2014 is set forth in the table below.

	One-Time Employee Termination Benefits			Other Associated Costs(1)			Total
	(In Thousands)
Liability balance as of December 31, 2013	$	1,095		$	5,840		$	6,935
Costs incurred(2)	687			116			803
Costs paid	(1,782		)	(5,840		)	(7,622		)
Liability balance as of June 30, 2014(3)	$	—		$	116		$	116

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(1) Other associated costs consist of financial advisor fees and retention bonuses paid to certain employees.

(2) Of the $.8 million costs incurred during the six months ended June 30, 2014, (i) $.7 million was recognized as an expense in “General and administrative” expense, $.5 million during the quarter ended March 31, 2014 and $.1 million during the quarter ended June 30, 2014, and (ii) $.1 million was recognized as an expense in “Other, net” during the quarter ended June 30, 2014. During the year ended December 31, 2013, $12.0 million of costs were incurred, with (i) $5.0 million recognized as an expense in “General and administrative” expense, (ii) $5.8 million recognized as an expense in “Other, net”, and (iii) $1.1 million capitalized in “Oil and natural gas properties” pursuant to the full cost method of accounting.

(3) The June 30, 2014 estimated liability balance is included in “Accounts payable and accrued liabilities” in the Condensed Consolidated Balance Sheet, and Forest expects it will be paid in the third quarter of 2014.