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Petrohawk Energy Sells its Natural Gas Assets in the Fayetteville Shale to XTO Energy: Petrohawk is Selling its Non-Core Assets – Deal Analysis From GlobalData

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Petrohawk Energy Corporation (Petrohawk Energy), an independent energy company, completed the sale of its natural gas assets in the Fayetteville Shale, located primarily in the Cleburne and Van Buren counties, in Arkansas, to XTO Energy, Inc. (XTO Energy), a subsidiary of ExxonMobil Corporation (ExxonMobil), for a consideration of $ 575m. The assets have estimated proved reserves of approximately 299 billion cubic feet (bcf) of natural gas, and have a capacity to produce approximately 98 million cubic feet of natural gas equivalent per day. Bank of America Merrill Lynch acted as marketing and financial advisor to Petrohawk Energy with respect to the transaction. The transaction implies a deal value of $ 35,204.08 per Barrels of Oil Equivalent (boe) of daily production and $ 11.54 per boe of proved resources.Scope

Rationale behind Petrohawk Energy is selling its non core assers
Strategic Benefits for the companies involved
Geography covered -US, Deal Financials and Valuations
Information on Petrohawk Energy, XTO Energy

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Original Post Petrohawk Energy Sells its Natural Gas Assets in the Fayetteville Shale to XTO Energy: Petrohawk is Selling its Non-Core Assets – Deal Analysis From GlobalData source Researchmoz Market Research
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