INCOME TAXES	3 Months Ended
Mar. 31, 2014
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The significant differences between Forest’s blended federal and state statutory income tax rate of 36% and its effective income tax rates of 5% and (0.5)% for the three months ended March 31, 2014, and 2013, respectively, were primarily due to changes in the valuation allowance on Forest’s deferred tax assets. In assessing the need for a valuation allowance, Forest considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. In making this assessment, Forest considers the scheduled reversal of deferred tax liabilities, available taxes in carryback periods, tax planning strategies, and projected future taxable income. If the ultimate realization of deferred tax assets is dependent upon future book income, assessing the need for, or the sufficiency of, a valuation allowance requires the evaluation of all available evidence, both negative and positive, as to whether it is more likely than not that a deferred tax asset will be realized. Negative evidence considered by Forest included a three-year cumulative book loss driven primarily by the ceiling test write-downs incurred in 2012 and 2013. Positive evidence considered by Forest included forecasted book income in future periods based on expected future oil, natural gas, and NGL production and expected commodity prices based on NYMEX oil and natural gas futures. Based upon the evaluation of what was determined to be relevant evidence, Forest has recorded a valuation allowance against its deferred tax assets. As of December 31, 2013, Forest had a non-current income tax receivable of $20.7 million, which was included in “Other assets”. During the three months ended March 31, 2014, Forest received a refund of $6.6 million including interest income of $.7 million, which reduced this receivable balance by $5.3 million, with the remaining $.6 million recorded as a credit to current income tax expense. The remaining $15.4 million income tax receivable balance was reclassified to current as Forest expects to receive it within the next twelve months, and is included in “Other current assets” in the Condensed Consolidated Balance Sheet at March 31, 2014.

INCOME TAXES

3 Months Ended

Mar. 31, 2014

The significant differences between Forest’s blended federal and state statutory income tax rate of 36% and its effective income tax rates of 5% and (0.5)% for the three months ended March 31, 2014, and 2013, respectively, were primarily due to changes in the valuation allowance on Forest’s deferred tax assets.

In assessing the need for a valuation allowance, Forest considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. In making this assessment, Forest considers the scheduled reversal of deferred tax liabilities, available taxes in carryback periods, tax planning strategies, and projected future taxable income. If the ultimate realization of deferred tax assets is dependent upon future book income, assessing the need for, or the sufficiency of, a valuation allowance requires the evaluation of all available evidence, both negative and positive, as to whether it is more likely than not that a deferred tax asset will be realized.

Negative evidence considered by Forest included a three-year cumulative book loss driven primarily by the ceiling test write-downs incurred in 2012 and 2013. Positive evidence considered by Forest included forecasted book income in future periods based on expected future oil, natural gas, and NGL production and expected commodity prices based on NYMEX oil and natural gas futures. Based upon the evaluation of what was determined to be relevant evidence, Forest has recorded a valuation allowance against its deferred tax assets.

As of December 31, 2013, Forest had a non-current income tax receivable of $20.7 million, which was included in “Other assets”. During the three months ended March 31, 2014, Forest received a refund of $6.6 million including interest income of $.7 million, which reduced this receivable balance by $5.3 million, with the remaining $.6 million recorded as a credit to current income tax expense. The remaining $15.4 million income tax receivable balance was reclassified to current as Forest expects to receive it within the next twelve months, and is included in “Other current assets” in the Condensed Consolidated Balance Sheet at March 31, 2014.