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SELECTED QUARTERLY FINANCIAL DATA (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly financial information
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(In Thousands, Except Per Share Amounts)
2013
 
 
 
 
 
 
 
Oil, natural gas, and natural gas liquids sales
$
118,042

 
$
116,786

 
$
118,028

 
$
88,485

Costs and expenses associated directly with products sold(1)
$
75,482

 
$
69,514

 
$
69,881

 
$
57,299

Earnings (loss) before income taxes(2)
$
(67,611
)
 
$
33,227

 
$
1,627

 
$
105,974

Net earnings (loss)(2)
$
(67,948
)
 
$
33,439

 
$
2,214

 
$
106,219

Basic and diluted earnings (loss) per share
$
(.59
)
 
$
.28

 
$
.02

 
$
.89

2012
 
 
 
 
 
 
 
Oil, natural gas, and natural gas liquids sales
$
158,901

 
$
135,694

 
$
156,014

 
$
154,914

Costs and expenses associated directly with products sold(1)
$
110,110

 
$
110,996

 
$
114,304

 
$
104,048

Earnings (loss) before income taxes(2)
$
(31,758
)
 
$
(344,099
)
 
$
(451,272
)
 
$
(288,365
)
Net earnings (loss)(2)
$
(32,673
)
 
$
(511,173
)
 
$
(458,552
)
 
$
(286,533
)
Basic and diluted earnings (loss) per share
$
(.29
)
 
$
(4.44
)
 
$
(3.97
)
 
$
(2.48
)
___________________________________________
(1)
Costs and expenses associated directly with products sold is comprised of lease operating expenses, production and property taxes, transportation and processing costs, depletion expense, and accretion of asset retirement obligations.
(2)
Earnings (loss) before income taxes and net earnings (loss) have been impacted by non-cash ceiling test write-downs in every quarter of 2012 and the fourth quarter of 2013, as discussed in Note 1, and are also subject to large fluctuations due to Forest’s election not to use cash flow hedge accounting for derivative instruments as discussed in Note 9. Also impacting the fourth quarter of 2013 is a $193.0 million net gain on the Panhandle divestiture, as discussed in Note 2.