Petrohawk Energy Corp. (HK) said it signed definitive agreement to sell its Permian Basin properties to a privately-owned company for total consideration of $376 million in cash.
The sale is expected to close by October 30, 2009 and is subject to customary closing conditions and adjustments.
Commenting on the transaction, Floyd Wilson, company's chairman and chief executive officer, stated, "Proceeds from this sale will add to our already-strong liquidity position, as we continue to focus our attention on our rapidly growing shale assets, particularly high-return, high-margin development in the Haynesville and Eagle Ford Shales."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.