Seeking Alpha sums up Petrohawk's latest report, and they like what they see:http://seekingalpha.com/article/76281-bulking-up-the-petrohawk-parsing-hk-s-solid-quarterNotably, they have bought up more than 70,000 acres of Haynesville Shale exposure since early April, giving them 150,000 acres now with plans to buy up to 400,000 acres. They are already drilling their first well there, with plans to start the second one this month.They are also boosting their capital budget from $800 million to $1.3 billion, which should pay off nicely in the future with new acreage and new wells.
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