PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Capitalized costs relating to oil and gas producing activities and other property and equipment

Net property and equipment consists of the following as of the dates indicated:



	December 31,
	2013			2012
	(In Thousands)
Oil and natural gas properties:
Proved	$	9,213,668		$	9,696,498
Unproved	53,645			277,798
Accumulated depletion⁽¹⁾	(8,460,589		)	(8,237,186		)
Net oil and natural gas properties	806,724			1,737,110
Other property and equipment:
Furniture and fixtures, leasehold improvements, computer hardware and software, and other equipment	61,903			64,036
Accumulated depreciation and amortization	(50,058		)	(46,908		)
Net other property and equipment	11,845			17,128
Total net property and equipment	$	818,569		$	1,754,238

____________________________________________


(1)	Includes inception-to-date ceiling test write-downs.

Summary of investments in unproved properties

The following table sets forth a summary as of December 31, 2013 of Forest’s unproved properties, all of which are located in the United States, by the year in which such property costs were incurred:



	Total		2013		2012		2011		2010 and Prior
	(In Thousands)

Acquisition costs	$	48,095	$	5,078	$	4,155	$	2,515	$	36,347
Exploration costs	5,550		4,722		194		57		577
Total unproved oil and natural gas properties	$	53,645	$	9,800	$	4,349	$	2,572	$	36,924

Exit costs related to divestiture

In connection with the Panhandle divestiture, Forest incurred exit costs consisting of one-time employee termination benefits and other associated costs, as shown in the following table.



	One-Time Employee Termination Benefits		Other Associated Costs⁽¹⁾		Total
	(In Thousands)

Total expected amount⁽²⁾	$	4,541	$	7,967	$	12,508
Amount paid during 2013	2,915		2,128		5,043
December 31, 2013 liability balance⁽³⁾	1,095		5,840		6,935

____________________________________________


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

(2)

Of the $12.5 million total expected amount, $5.0 million was recognized in “General and administrative” expense and $5.8 million was recognized in “Other, net” in the Consolidated Statement of Operations for the year ended December 31, 2013. Additionally, $1.1 million was capitalized in “Oil and natural gas properties” in the Consolidated Balance Sheet pursuant to the full cost method of accounting. The remaining $.5 million will be accrued in 2014 over the remaining retention period of the affected employees.


(3)	The December 31, 2013 estimated liability balance is included in “Accounts payable and accrued liabilities” in the Consolidated Balance Sheet, and Forest expects it will be paid during the first half of 2014.