February 27, 2009 (FinancialWire) -- Petrohawk Energy Corp. (NYSE: HK) said that it has priced its public offering of 22 million shares of common stock. Barclays Capital and Credit Suisse Securities (NYSE: CS) will act as joint book-running managers.

The company has granted the underwriters a 30-day option to purchase up to an additional 3.3 million shares. The offering is scheduled to settle and close on March 4.

Petrohawk said it plans to use the net proceeds to fund a portion of its capital budget for the year ending December 31, potential acquisitions, further infrastructure expansion projects and for general corporate purposes.

Houston-based Petrohawk Energy is an independent energy company engaged in the acquisition, production, exploration and development of natural gas and oil with properties concentrated in North Louisiana, Arkansas, East Texas, Oklahoma and the Permian basin.

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