Petrohawk Completes Sale of Gulf Coast Division
Petrohawk Energy reported that the previously announced sale of its Gulf Coast division for total consideration of $825 million closed on November 30, 2007. Through the closing date, the properties sold were producing approximately 100 Mmcfe/d, which was accounted for in the Company's fourth quarter 2007 and full year 2008 production guidance issued November 8, 2007.
Petrohawk Energy Corporation is an independent energy company engaged in the acquisition, production, exploration and development of natural gas and oil with properties concentrated in North Louisiana, Arkansas, East Texas, Oklahoma and the Permian basin.
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