Petrohawk Energy Corp.

Petrohawk Energy Corp. has retained RBC Richardson Barr to sell the West Edmond Hunton Lime Unit (WEHLU) in the Anadarko Basin of central Oklahoma.

The package includes interests in 30,160 acres in Oklahoma County. Petrohawk operates 24,480 acres with a 98.3% working interest and 80.5% net revenue interest. Another 5,680 acres are a joint-venture development area with Chesapeake Energy Corp. as contract operator in which Petrohawk holds a 39.3% working interest and an average 29.7% net revenue interest.

Average net production for 12 months through Nov. 30, 2009, was 1,250 barrels of oil and 5.8 million cubic feet of gas per day (2,219 barrels equivalent). Total proved reserves are 14.1 million barrels of oil equivalent (4.9 million barrels proved developed producing; 1.7 million probable and possible). The reserves-to-production ratio is 17 years.

Upside includes 62 proved undeveloped locations, two probable and 11 possible, with 17 workover and six deepening opportunities. Unquantified upside potential includes frac potential in current wells, Chimney Hill infill drilling, waterflood reactivation and repressuring of the Bois d'Arc reservoir.

Petrohawk operates 50% of current net production and 96% of the identified upside opportunities. A fully equipped field office is included with the package.

The data room opens Feb. 22. The bid due date is March 24. Contact Craig Lande, 713-585-3335, craig.lande@rbccm.com.