Quarterly report pursuant to Section 13 or 15(d)

Equity Transactions

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Equity Transactions
9 Months Ended
Sep. 30, 2011
Comprehensive Income and Equity Transactions [Abstract]  
Equity Transactions
Note 7 — 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 partial exercise of the underwriters’ over-allotment option. As discussed in Note 4, the Company used a portion of the proceeds to redeem $31,000 principal amount, or 22% of its outstanding Senior Notes. The remaining proceeds are intended for general corporate purposes including the accelerated development of the Company’s Permian Basin properties and for potential acquisitions.