Petrohawk Energy Corporation breaks ground for regional headquarters in Shreveport
THE ASSOCIATED PRESS
First Posted: April 15, 2011 - 8:26 am
Last Updated: April 15, 2011 - 8:26 am

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Corporation, which explores for and produces natural gas.

The Times of Shreveport reports that Petrohawk's $15 million, 70,000-square-foot facility will house 150 employees, including 50 new positions. It will open in the first quarter of 2012.

Petrohawk CEO Floyd Wilson said new facility is just a small part of the $5 billion the company has spent in northwest Louisiana since the Haynesville Shale natural gas deposit came into play in 2008.

"It is a concrete symbol for our commitment to the area," he said. "The future is not without headwinds, but what we do know is that we will be drilling wells here for the next 30 to 40 years."

As the site was prepared in the weeks leading up to the groundbreaking, where used to be a golf course and driving range became the site of two man-made ponds filled with water pumped from the Red River for a process called hydraulic filling, which helps settle the foundation for the site.

Wilson and other Petrohawk executives were joined by Shreveport Mayor Cedric Glover, Bossier City Mayor Lo Walker and other local politicians and business leaders for the ceremony.

Buck