By OGJ editors
HOUSTON, Apr. 6 -- Petrohawk Energy Corp., Houston, has agreed to acquire Mission Resources Corp., Houston, for a combination of $135 million and 19.2 million Petrohawk common shares plus assumption of Petrohawk's debt.
The deal, consisting of about 60% stock and 40% cash, is expected to close in the third quarter.
The combined entity is expected to have proved reserves of 446 bcf of gas equivalent, 75% proved developed.
