PETROHAWK ENERGY HAS RAISED $1.4 BILLION THIS YEAR SLUG: JUMP HEAD 40PT HERE HEREY XXXXXXX
Petrohawk
"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.
"Yes  we've raised a lot of capital but we've had a great use for those funds " said [TGT] Chairman and CEO Floyd Wilson.
 In that time [TGT] took [TGT] 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  [TGT] 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: [TGT] went from 25 000 wells to 5 000 in that same time.
 Kinder Morgan Chairman and CEO Rich Kinder said [TGT] will let his company benefit from what he sees as a long  steady future of shale gas production.
 [TGT] takes [TGT]'s existing 170-mile natural gas gathering and processing system and turns [TGT] into a stand-alone joint venture with [TGT] own employees  executive team and board of directors. That transition will happen over the next six months.
 [TGT] will expand to 375 miles by the end of the year anchored by years of production from Petrohawk's wells. [TGT] could grow further if other producers hook into [TGT].
 Co. analysts said they liked the higher-than-expected price [TGT] got for the joint venture. And Tudor Pickering
 Holt analysts were positive on news that [TGT] would cut $50 million in gas drilling costs because of improved operational efficiencies  while increasing oil production from South Texas holdings.
 Shares of [TGT] 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.