Petrohawk
| Company type | Independent energy firm |
|---|---|
| Industry | Energy |
| Founded | 2003 |
| Fate | Acquired by BHP Billiton on July 15, 2011 |
| Headquarters | Houston , United States |
Petrohawk Energy Corporation operated as an independent energy firm with its main office located in Houston, Texas. Established in 2003 under the name Beta Oil & Gas, the company adopted the Petrohawk brand on July 15, 2004.
The company experienced significant growth through strategic mergers and acquisitions. In November 2004, Petrohawk purchased Wynn-Crosby for $425 million, an achievement recognized as the “2004 M&A Deal of the Year” by The Oil and Gas Investor. By July 2005, a merger with Mission Resources nearly doubled Petrohawk's operational scale. The next year, it acquired KCS Energy by issuing 80 million shares and paying approximately $900 million in cash. Beginning in 2007, Petrohawk secured land holdings in the Haynesville Shale and initiated a $500 million drilling initiative in 2008.
On July 15, 2011, BHP Billiton completed an all-cash acquisition of Petrohawk at a price of $38.75 per share.