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Milagro Exploration Acquires Petrohawk's Gulf Coast Assets

Not Disclosed Petrohawk Energy Corporation
AnnouncedMar 1, 2008
TypeProperty
Announced Date
March 01,2008
Effective Date
July 01,2007
Close Date
December 01,2007
Transaction Type
Property
Enterprise Value (EV)($MM)
825




Snapshot
Asset/Basin:
{"U.S. Gulf Coast"}
TargetZones:
{Wilcox,Vicksburg,Fr
Location
Country
United States

State
Louisiana

Production
Production


Transaction Details:  Subscribe to see

Milagro Exploration, LLC, a privately held exploration and production company, announced today that it has completed the purchase of the Gulf Coast Division of Petrohawk Energy Corporation. The assets acquired in the transaction include approximately 1,000 wells producing approximately 104 million cubic feet of natural gas equivalent (“Mmcfe”) per day net to Milagro. Milagro now owns in excess of 264 Bcfe with an additional 400 risked Bcfe of potential reserves identified on the 162,700 net acres owned or controlled by Milagro. As part of the transaction, Milagro acquired rights to an…

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