Quarterly report pursuant to Section 13 or 15(d)

Equity Transactions

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Equity Transactions
 9 Months Ended
Sep. 30, 2012
Equity [Abstract]  
Equity Transactions
Equity Transactions

During February 2011, the Company received $73,765 in net proceeds through the public offering of 10,100 shares of its common stock, which included the issuance of 1,100 shares pursuant to the underwriters’ over-allotment option. As discussed in Note 4, the Company used a portion of the proceeds to redeem $31,000 principal, or 22%, of its Senior Notes. The remaining proceeds were used for general corporate purposes including acreage acquisitions and the accelerated development of the Company’s Permian Basin and other onshore assets.