Restructuring Activities

3 Months Ended

Mar. 31, 2012

13. 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. We terminated approximately 40 employees and closed our regional office in Tulsa, Oklahoma. Accordingly, we recorded a charge and recognized an obligation in connection with the long-term lease of that office. Activities recorded during the three months ended March 31, 2012 that were attributable to this restructuring included cash payments and accretion of the long-term lease obligation and the cash payment of termination benefits accrued during 2011. Activities recorded during the three months ended March 31, 2011 are attributable to restructuring actions taken during periods prior to 2011. Restructuring charges, including the accretion of the lease obligation, are included in the General and administrative expenses caption on our Condensed Consolidated Statements of Operations.

The following table summarizes our restructuring-related obligations as of and for the three months ended March 31:

	2012			2011
Balance at beginning of period	$	576		$	64
Employee, office and other costs accrued		(3	)		18
Cash payments		(98	)		(82	)
Balance at end of period	$	475		$	-

- 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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