Thursday, December 22, 2011

Floyd Wilson at it Again

It didn't take long.  Former Petrohawk CEO Floyd Wilson has landed as CEO and part owner of RAM Energy Resources after teaming with other investors to buy a majority stake in the company.  Wilson left Petrohawk after BHP Billiton acquired the company earlier this year.

Wilson built up Petrohawk through acquisitions and aggressive spending before selling out for $12.1 billion to the Australian mining giant.  Look for a similar game plan at RAM - which will change its name to Halcon Resources Corp. - as the company will target oil in the Mississippian play in Oklahoma.

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