Deals
Halcon Agrees to Buy North Dakota Fields From Petro-Hunt
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Halcon Resources Corp., the oil and natural gas producer run by former Petrohawk Energy Chairman Floyd C. Wilson, agreed to buy some of Petro-Hunt LLC’s North Dakota fields for about $1.45 billion in cash and stock.
Petro-Hunt, a closely held company owned by the Hunt family, and an affiliated entity will get $700 million in cash and $750 million in shares, Houston-based Halcon said in a statement today. The purchase includes about 81,000 net acres in four North Dakota counties with current net production equivalent to more than 10,500 barrels of oil a day.