Petrohawk Prices Private Offering of 7 1/4% Senior Notes

Petrohawk has priced a private offering of $400 million of its outstanding series of 7 1/4% senior notes due 2018. Petrohawk increased the size of the offering from the previously announced $300 million to $400 million. Petrohawk originally offered and sold an aggregate principal amount of $825 million of its 7 1/4% senior notes due 2018 in August 2010. The additional issue of notes priced at 101.875% of face value (plus accrued interest from January 31, 2011) to yield 6.837% to worst. The offering is expected to settle and close on January 31, 2011, subject to customary closing conditions.

Net proceeds from the offering are expected to be used to redeem all of Petrohawk's outstanding 7 1/2% senior notes due April 1, 2012 and to provide working capital for general corporate purposes.


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