Petrohawk Energy Corporation $HK

 

COMPANY SUMMARY

Petrohawk Energy Corp. is a leading explorer and producer of natural gas in North America. We leverage our technical expertise in tight-gas and shale reservoirs to establish and develop large-scale operations in some of the fastest growing natural gas plays in the country. Petrohawk focuses on a concentrated portfolio of resource assets in four important North American shales: the Haynesville Shale, the Lower Bossier Shale, the Eagle Ford Shale and the Fayetteville Shale. Our operations offer the potential for predictable, long-term production with low costs achieved through effective drilling and completions techniques, efficient field management and scalable operations.Petrohawk was founded on the concept that its specialized geologists, engineers and geophysicists could unlock value by applying their expertise in tight gas drilling and exploration with the latest technologies. The company seeks to deliver excellent results while continually focusing on costs and operational efficiencies.As of December 31, 2009, Petrohawk had estimated proved reserves of 2.75 trillion cubic feet of natural gas equivalent (Tcfe), of which 98% was natural gas. 2010 production is expected to be between 650 and 660 Mmcfe/d. The company’s current 2010 drilling budget is $1.35 billion.

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