Petrohawk To Sell La. Natural Gas Field For $320M

Law360, New York (March 15, 2010, 12:59 PM EDT) -- Petrohawk Energy Corp. has announced plans to sell a Louisiana natural gas field to an unnamed private company for $320 million, the second major sale in March for the Houston-based oil and natural gas developer.

Petrohawk revealed the planned sale Monday, saying it was the second of four asset packages expected to be sold as part of the company's 2010 divestiture program.

Under the terms of the agreement, the developer will sell its interest in the Terryville Field, located in Lincoln and Claiborne parishes in Louisiana,...
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