Petrohawk

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Petrohawk Energy Corporation

Company type	Public
Industry	Energy / Oil and gas
Founded	2003
Successor	BHP Billiton
Headquarters	Houston, Texas, United States
Area served	United States
Key people	Floyd 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)
Number of employees	262 (2008)
Website	www.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. The Wynn-Crosby/ Petrohawk transaction was named the “2004 M&A Deal of the Year” by The Oil and Gas Investor.^[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]