Petrohawk Energy to buy more acreage for $222.5 mln
January 8th, 2008
Petrohawk Energy Corp said it agreed to acquire additional acreage in Fayetteville Shale Trend from a private seller for $222.5 million.
The assets include about 18,500 net acres and increases Petrohawk’s leasehold in the Fayetteville Shale to about 150,000 net acres, the independent energy company said in a statement fast cash advance loan.
Petrohawk said it estimates proved reserves to be about 50 billion cubic feet of natural gas equivalent.
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