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"Yes  we've raised a lot of capital but we've had a great use for those funds " said Petrohawk Chairman and CEO Floyd Wilson.
 In that time the company took its acreage in the Haynesville and grew it to become a top producer of natural gas from the tight  cement-like shales that until recent years were considered too expensive to drill. And almost single-handedly Petrohawk made the rest of the world aware of the Eagle Ford Shale in South Texas  becoming the dominant player there.
 to become a top producer of natural gas from the tight  cement-like shales that until recent years were considered too expensive to drill. And almost single-handedly Petrohawk made the rest of the world aware of the Eagle Ford Shale in South Texas  becoming the dominant player there.
 All told  Petrohawk has gone from being a firm with 4 trillion cubic feet equivalent of gas reserves and a $3 billion market capitalization in December 2007 to 34 tcf in reserves and a $7 billion market cap. With the scale also has come greater efficiency: Petrohawk went from 25 000 wells to 5 000 in that same time.
 Kinder Morgan Chairman and CEO Rich Kinder said the Petrohawk deal will let his company benefit from what he sees as a long  steady future of shale gas production.
 Tuesday's deal takes Petrohawk's existing 170-mile natural gas gathering and processing system and turns it into a stand-alone joint venture with its own employees  executive team and board of directors. That transition will happen over the next six months.
 The system will expand to 375 miles by the end of the year anchored by years of production from Petrohawk's wells. It could grow further if other producers hook into it.
 Co. analysts said they liked the higher-than-expected price Petrohawk got for the joint venture. And Tudor Pickering
 Holt analysts were positive on news that Petrohawk would cut $50 million in gas drilling costs because of improved operational efficiencies  while increasing oil production from South Texas holdings.
 Shares of Petrohawk were up 57 cents Tuesday  or 2.5 percent  to close at $23.18. Shares of Kinder Morgan were down about 73 cents  or about 1 percent  to close at $66.50.
PETROHAWK ENERGY HAS RAISED $1.4 BILLION THIS YEAR SLUG: JUMP HEAD 40PT HERE HEREY XXXXXXX

Mayor Rahm Emanuel on Thursday continued to defend his handpicked Chicago Public Schools chief in the face of a searing inspector generalâs report that accuses district CEO Forrest Claypool of engaging in a âfull-blown cover-upâ to ward off an ethics probe.
 Claypool  ârepeatedly liedâ during the investigation by denying  he  had asked an attorney to alter a bill for legal advice on an ethics issue involving the districtâs top attorney  said Inspector General Nicholas Schuler  who has recommended that  Claypool  be fired. âIâm not looking at freaking bills  â Claypool  said in one interview with investigators  according to Schulerâs report.
âAt every turn in this matter   Claypool  kept making matters worse. And it appears that  his  decisions were driven by a clear desire to keep information harmful to  his  narrative from the Board  the OIG and the public â Schuler wrote.
 Claypool  met privately with school board members on Thursday and issued a lengthy statement in which  he  apologized for âmistakes in judgmentâ while defending  his  legacy and making it clear  he  disagrees with Schulerâs interpretation of CPS ethics policy.
âTo put this in perspective: This situation is about how I zealously tried to get Chicago students their fair share of state education dollars  after years and years of racial discrimination  and getting those kids the best possible legal representation â said  Claypool   who canceled a scheduled appearance at a North Side elementary school on Thursday. He did not directly address Schulerâs most damaging allegations.
Claypoolâs alleged cover-up turned an investigation into whether district attorney Ronald Marmer violated CPS ethics policies on contracts and business relationships into a call for  Claypoolâs  termination. Schuler also is recommending that Marmer be disciplined with a âlengthy suspension or even termination.â
Marmer is one of several of  Claypool 's former colleagues and past political donors who have won district jobs and consulting contracts. He has received annual payments of roughly $200 000 as severance from the law firm of Jenner & Block in addition to his CPS salary.
Three attorneys on a CPS ethics committee concluded Marmer couldnât manage the contract because his severance payments created a âbusiness relationshipâ with Jenner.. A fourth CPS attorney  Joseph Moriarty  was told of the committeeâs decision and agreed with it. Moriarty told Schuler that Marmer âbecame concerned by the decision â and was going to speak with  Claypool .
 Claypool  and Marmer then turned to former CPS general counsel Patrick Rocks for another opinion  Schuler said. In a conference call with  Claypool  and two other attorneys  Rocks said he agreed with CPS' legal consensus.
 So Claypool  and Marmer decided to ask labor attorney James Franczek for his take. Franczek also agreed with the previous opinions  which didnât go down well with  Claypool  and Marmer. He later sent an email to Moriarty that said âI think I am off the xmas card list.â
 Claypool  ultimately turned to political donor J. Timothy Eaton  who  according to Schulerâs report  served as a teacherâs assistant for a college course  Claypool  took while Eaton was a law student.
 âClaypool  attempted to paper over the opinions of the six attorneys with Eatonâs letter â Schuler wrote in his report. In addition  after the IGâs investigation had begun  Marmer complained about Franczekâs bill  which had âCPSâs Code of Ethicsâ and âethics issuesâ listed on it.  Claypool  asked Franczek to change the listings. Franczek then crossed out the entries and hand wrote âpersonnelâ and âpersonnel issuesâ in their place  the report says.
Franczek delivered the reworded invoice back to  Claypool  with a cover letter marked âFor Forrest Claypoolâs Eyes Only.â
In interviews with the IG during the investigation   Claypool â unequivocally  emphatically and repeatedlyâ denied  he  had asked Franczek to make changes to the bill  and said â he  would never have been involved in such lowly billing matters.â
But last month  in a letter to Schuler's office   Claypool  apologized for intervening to reword the invoice.  Claypool 's letter acknowledged Schuler had documents that contradicted the CEO's initial claim.
â He  turned 180 degrees from claiming certain memory to no memory at all â Schuler wrote in  his  report. â His  letter was designed to taint the Boardâs reception of the OIGâs final report by falsely portraying lies on two separate occasions as mere lapses of memory.â
CPS watchdog says CEO Forrest Claypool ' repeatedly lied' during ethics probe

A controversial mural at the Amazing World of Dr. Seuss Museum in Massachusetts will be replaced after several children's authors complained that it promoted racial stereotypes â and that they were boycotting an upcoming festival at the newly opened museum because of it.
Willems  Yee and Curato had been invited to appear at the festival on Oct. 14 at the Amazing World of  Dr. Seuss Museum  which opened in June .
The event was described by  the museum  as "a day filled with books  costumed characters and famous authors." But the three authors said they were skipping the festival after having learned about the mural's racial stereotype.
"While this image may have been considered amusing to some when it was published 80 years ago  it is obviously offensive in 2017 " they wrote. "For some children who visit  the museum   their only interaction with Asian representation might be that painting. For others  seeing themselves represented in such a stereotypical way may feed into internalized  even subconscious shame and humiliation. It is incumbent on our public institutions to present all races in a fair manner.

Dr. Seuss museum to replace mural after complaints it depicted 'jarring racial stereotype'