Kinder Morgan To Buy Half Petrohawk Unit For $875M

Law360, New York (April 13, 2010, 1:54 PM EDT) -- In yet another major sale for Petrohawk Energy Corp., the Houston-based oil and natural gas developer has reached a deal to sell a 50 percent stake in its Haynesville Shale natural gas gathering and treating business to Kinder Morgan Energy Partners LP for $875 million in cash.

The transaction will create the largest natural gas gathering and treating business in the Haynesville Shale, a rock formation underlying northwest Louisiana believed to have a large supply of natural gas, the companies said. Kinder Morgan said the assets...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.