Petrohawk
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| Type | Public |
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| Traded as | NYSE:HK |
| Industry | Energy / Oil and Gas |
| Successor(s) | BHP Billiton |
| Founded | 2003 |
| Headquarters | Houston, TX, USA |
| Area served | USA |
| Key people | Floyd C. Wilson (Chairman), (President) & (CEO) |
| Products | Petrochemical |
| Revenue |  US$ 883.40 million (2007) |
| Operating income | US$ 250.65 million (2007) |
| Net income |  US$ 52.90 million (2007) |
| Total assets | US$ 4.672 billion (2007) |
| Total equity | US$ 2.008 billion (2007) |
| Employees | 262 (2008) |
| Website | Petrohawk.com |
Petrohawk Energy Corporation was an independent energy company headquartered in Houston, Texas. Founded in 2003, Petrohawk grew rapidly through mergers and acquisitions.
The company was originally known as Beta Oil & Gas until shareholders approved a name change on July 15, 2004.
In November 2004, Petrohawk bought Wynn-Crosby for $425 million, marking its first large acquisition. [1] In July 2005, Petrohawk merged with Mission Resources, nearly doubling in size. One year later, Petrohawk bought KCS Energy for 80 million shares of stock and approximately $900 million in cash. Beginning in 2007, Petrohawk began acquiring acreage in the Haynesville Shale, and in 2008 successfully began an extensive, $500 million drilling program.[2]
On July 15, 2011, BHP Billiton acquired Petrohawk for an all-cash offer of $US38.75 per share.[3]
References[edit]
- ^ The Wynn-Crosby/ Petrohawk transaction was named the “2004 M&A Deal of the Year” by The Oil and Gas Investor. Oil and Gas Investor Awards, 2004. www.oilandgasinvestor.com
- ^ Petrohawk website
- ^ BHP Billiton and Petrohawk Corporation announce merger agreement, Petrohawk.com
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