Restructuring Activities

12 Months Ended

Dec. 31, 2011

15.

Restructuring Activities

During 2011, we completed an organizational restructuring due primarily to our decision to exit the Arkoma Basin and to consolidate certain operations functions to our Houston, Texas location. This restructuring and consolidation resulted in the termination of approximately 40 employees, most of whom were based out of our Tulsa, Oklahoma office, as well as certain corporate positions in connection with a reallocation of administrative responsibilities. In addition, we closed our regional office in Tulsa, Oklahoma during the fourth quarter of 2011and recorded a charge in connection with the long-term lease of that office.

During 2009 and 2010, we implemented an organization restructuring in connection with our transformation to a pure play development, exploration and production company. The restructuring resulted in the termination of approximately 30 employees and the transfer of certain corporate and division operations functions from our former Kingsport, Tennessee location to our Houston, Texas and Pittsburgh and Radnor, Pennsylvania locations. We incurred special termination benefit costs, relocation costs and other incremental costs associated with staffing and expanding our office locations.

These restructuring charges are included in the General and administrative expenses caption on our Consolidated Statements of Operations and are comprised of the following for the periods presented:

	Year Ended December 31,
	2011		2010		2009
Termination benefits	$	1,463	$	2,081	$	529
Employee and office relocation costs		322		1,597		-
Other incremental costs		-		1,022		-
Facility lease-related charges		566		3,500		-
	$	2,351	$	8,200	$	529

The following table summarizes our restructuring-related obligations as of and for the years ended December 31:

	2011			2010			2009
Balance at beginning of period	$	64		$	529		$	-
Termination benefits accrued		1,463			2,081			529
Employee, office and other costs accrued		888			6,119			-
Cash payments		(1,839	)		(8,665	)		-
Balance at end of period	$	576		$	64		$	529

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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