RESTRUCTURING COSTS

12 Months Ended

Dec. 31, 2015

NOTE 16 RESTRUCTURING COSTS

In September 2015, the Company restructured certain of its operations in response to the current oil and gas commodity environment. These changes, which included a reduction in workforce, are expected to result in better utilization of the Company's resources and improved cost efficiencies. The Company expects substantially all one-time restructuring related costs to be incurred by March 31, 2016 and does not expect these costs to materially affect its cash flows or results of operations.

Type of Restructuring Cost	Location in the Statement of Operations	Year Ended December 31, 2015		Year Ended December 31, 2014

Severance and Benefit Costs	Operating Expenses – General and Administrative	$	523,487	$	-

The following table summarizes the Company's restructuring costs:

Restructuring Liability at January 1, 2015	$	-
Additions		523,487
Settlements		(490,994	)
Revisions		-
Restructuring Liability at December 31, 2015	$	32,493