| Petrohawk Energy Corporation | |
| Type: | Public |
| Foundation: | 2003 |
| Location: | Houston, Texas, United States |
| Area Served: | United States |
| Key People: | Floyd Wilson (Chairman), (President) & (CEO) |
| Industry: | Energy / Oil and gas |
| Num Employees: | 262 (2008) |
| Products: | Petrochemical |
| Revenue: | US$ 883.40 million (2007) |
| Operating Income: | US$ 250.65 million (2007) |
| Net Income: | US$ 52.90 million (2007) |
| Assets: | US$ 4.672 billion (2007) |
| Equity: | US$ 2.008 billion (2007) |
| Homepage: | www.petrohawk.com |
| Successor: | BHP Billiton |
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]