Priced underwritten public offering of 5 million shares of its common stock at $17.50 per share. Includes 30-day option granted to underwriters to purchase up to an additional 750,000 shares of its common stock. Proceeds will be used to fund the cash purchase price of a pending acquisition of certain nonoperated oil and gas properties and interests located in the Permian Basin. A portion of proceeds may also be used to repay outstanding borrowings under its revolving credit facility. Wells Fargo Securities is lead book-running manager.