Quarterly report pursuant to Section 13 or 15(d)

Common Stock And Changes In Capitalization

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Common Stock And Changes In Capitalization
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Common Stock And Changes In Capitalization
COMMON STOCK AND CHANGES IN CAPITALIZATION
Sale of Common Stock
On March 9, 2016, the Company issued 16,905,000 shares of its common stock in an underwritten public offering (which included 2,205,000 shares sold pursuant to an option to purchase additional shares of the Company's common stock granted by the Company to, and exercised in full by, the underwriters). The net proceeds from this equity offering were approximately $411.9 million, after underwriting discounts and commissions and estimated offering expenses. The Company intends to use the net proceeds from this offering primarily to fund a portion of its 2017 capital development plan and for general corporate purposes.