Petrohawk Energy decided to cut 2009 capex by one-third or $500 million. Production forecasts remain unchanged at levels 25% above 2007. The company views its projects in the Haynesville and Fayetteville as having the highest IRR and reserve growth potential, so it will focus its efforts there.
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Thursday, October 2, 2008
Petrohawk Follows Chesapeake's Lead
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