Point of View: Petrohawk prepares for growth, eventual sale

Petrohawk Energy Corp. of Denver completed several transactions during its first 7 months of existence as it doubled in size from its predecessor, Beta Oil & Gas Co., and divested more than $140 million of noncore assets.Floyd C. Wilson, Petrohawk’s chairman, president, and chief executive officer, has a record of building companies and selling them to larger entities.“We are an acquisition company, and we created a drilling program through the process,” Wilson said. “Acquisitions and divestments are key steps. We divest a lot of low-margin properties quickly. This is all with the goal of trying to sell the company in 3-4 years from the start.”He said his...

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