Monday, September 21, 2009

Petrohawk: Focus

Petrohawk announced today that it is selling its Permian Basin gas properties to a private company for $376 million. The purpose of the sale is to increase its operational (and financial) focus on the Haynesville and Eagle Ford Shale plays. This is a very telling move because it shows the importance of these two shale plays to Petrohawk's future. Expect a white-hot focus on the play from the Hawk

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