Property Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of unproved properties excluded from the amortization base

	Year of Acquisition
	2014		2013		2012		Prior		Total
	(in millions)
Unproved properties(1)	$	224.2	$	16.9	$	27.8	$	17.3	$	286.2
Development costs (2)		15.9		2.7		2.6		1.1		22.3
Capitalized interest		2.1		5.4		1.3		2.0		10.8
Total	$	242.2	$	25.0	$	31.7	$	20.4	$	319.3

(1) Unproved properties consist of the fair value of unproved properties acquired in acquisitions as well as costs of acreage purchased through independent leasing.

Development costs excluded from the amortization base in accordance with full cost accounting rules. Substantially all of the development costs excluded from the amortization base as of December 31, 2014 relate to projects that will be completed in the first half of 2015 and either the determination of proved reserves or impairment will occur. The leasehold acquisition costs were incurred for leases which will be developed, impaired or will expire over approximately ten years.

Forest Oil Combination

Schedule of fair value of consideration

Number of shares of Forest Oil Corporation outstanding as of the date of the Combination (in thousands)		118,863
Forest Oil Corporation closing stock price on December 16, 2014	$	0.34
Common stock equity consideration (in thousands)	$	40,413

Schedule of allocation of consideration to net assets acquired

	December 16,
	2014
(Stated in thousands of dollars)	(in thousands)
Cash		134,887
Account receivable		61,889
Prepaid expenses and other current assets		7,225
Derivative instruments		31,621
Oil and natural gas properties, proved		343,127
Oil and natural gas properties, unproved		189,877
Other long term assets		8,120
Other fixed assets		697
Net deferred tax asset		14,524
Accounts payable		(76,766)
Royalties payable		(7,446)
Accrued exploration and development		(27,982)
Accrued operating expense and other		(29,246)
Accrued interest		(4,730)
Other short-term obligations(1)		(15,191)
Revolving credit facility		(105,000)
Senior notes		(394,783)
Asset retirement obligations		(23,946)
Other long-term obligations		(66,464)
Total identifiable net assets and consideration transferred	$	40,413

(1) Includes $9.4 million of asset retirement obligations.

Schedule of pro forma information

	Year Ended December 31, 2014		Year Ended December 31, 2013
	Actual	Pro forma	Actual	Pro forma
	(in thousands)
Pro forma (unaudited)
Total revenues	464,723	673,641	354,978	518,167
Net income/ (loss)	(326,720)	(286,052)	10,577	(8,226)

Texas Panhandle and Surrounding Oklahoma area

Schedule of pro forma information

	Year ended December 31, 2012
	Actual		Pro forma
	(in thousands)
Pro forma(unaudited)
Total revenues	$	177,446	$	258,362
Net loss applicable to controlling interests	$	(686,782)	$	(637,985)

South Texas

Schedule of pro forma information

	Year ended December 31, 2012
	Actual		Pro forma
	(in thousands)
Pro forma (unaudited)
Total revenues	$	177,446	$	181,197
Net loss applicable to controlling interests	$	(686,782)	$	(686,075)