Petrohawk

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  5. Oil companies of the United States
  6. Natural gas companies of the United States
  7. Companies based in Houston, Texas


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Petrohawk Energy Corporation
Type Public (NYSE: HK)
Industry Energy / Oil and Gas
Founded 2003
Headquarters United States Houston, TX, USA
Area served USA
Key people Floyd C. Wilson
(Chairman), (President) & (CEO)
Products Petrochemical
Revenue Increase US$ 883.40 million (2007)
Operating income Increase US$ 250.65 million (2007)
Net income decrease US$ 52.90 million (2007)
Total assets Increase US$ 4.672 billion (2007)
Total equity Increase US$ 2.008 billion (2007)
Employees 262 (2008)
Website Petrohawk.com

Petrohawk Energy Corporation (NYSE: HK) 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]

In 2009, Petrohawk's CEO, Floyd Wilson was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency.[3][4]

On July 15, 2011, BHP Billiton acquired Petrohawk for an all-cash offer of $US38.75 per share.[5]

References

  1. ↑ 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
  2. ↑ Petrohawk website
  3. ↑ The Market's Best Managers - Forbes.com, Forbes.com
  4. ↑ Brendan Wood International Announces 24 TopGun CEOs in the US, Reuters.com
  5. ↑ BHP Billiton and Petrohawk Corporation announce merger agreement, Petrohawk.com


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