Common Stock

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Common Stock

Common Stock

On December 9, 2013, the Company completed a public offering of 7,000,000 shares of its common stock, par value $0.01 per share, at an offering price of $44.94 per share. Net proceeds from the offering were approximately $314.4 million, after deducting offering expenses, of which $70,000 is included in common stock and $314.3 million is included in additional paid-in-capital on the Company’s Consolidated Balance Sheet. The Company used a portion of these net proceeds to repay $264.4 million of outstanding indebtedness under its Second Amended Credit Facility, and the remaining proceeds were used to fund its exploration, development and acquisition program and for general corporate purposes. The offering was made pursuant to an effective shelf registration statement on Form S-3 filed with the SEC on July 15, 2011.