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Related Party Transactions
 3 Months Ended
Mar. 31, 2014
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions

Former Chairman and CEO Severance. On June 28, 2013, the Company’s then current CEO separated employment from the Company. As of March 31, 2014, the remaining amounts due under the terms of his employment agreement include $4.3 million to be paid in monthly installments through December 2016. These amounts are included in other current liabilities and other long-term obligations in the accompanying unaudited condensed consolidated balance sheet.

Other Employee Termination Benefits. Certain employees received termination benefits, including severance and accelerated stock vesting, upon separation of service from the Company during the three-month periods ended March 31, 2014 and 2013. Employee termination benefits were $8.1 million primarily as a result of the sale of the Gulf Properties and $10.4 million as a result of an executive’s separation from employment for the three-month periods ended March 31, 2014 and 2013, respectively. Termination benefits are included in general and administrative expense in the accompanying unaudited condensed consolidated statements of operations.

2014 Divestiture. See Note 3 for discussion of the sale of the Gulf Properties to Fieldwood and the Company’s guarantee on behalf of Fieldwood of certain associated plugging and abandonment obligations associated with the Gulf Properties. Fieldwood is a portfolio company of Riverstone Holdings LLC, affiliates of which own a significant number of shares of the Company’s common stock.

Acquisition of Ownership Interest. In March 2014, the Company purchased the additional ownership interest owned by its partner in GRLP and Genpar, which was deemed a related party at the time. See Note 4 for additional discussion.