Petrohawk Energy (HK) reported on its second quarter of 2010 operations in the Fayetteville Shale. The company considers the area to be non-core and is in the play mostly on a non-operated basis.
Petrohawk Energy participated in 113 wells during the second quarter of 2010, of which the company operated only 2. These two wells had an average initial production rate of 1.9 million cubic feet per day.
Petrohawk Energy produced 85 million cubic feet per day of natural gas during the second quarter of 2010 from both its operated and non-operated wells. This was a 5% increase from the first quarter of 2010.