The modified budget will concentrate on two main initiatives: an increase in the operated rig count in the Haynesville shale to 16 by the end of 2009, providing the Petrohawk Energy the capability to secure more leasehold during a year in which its production is substantially hedged; and increased drilling activities of other operators, primarily in the Fayetteville shale; and infrastructure expansion in the Haynesville shale, depdending on successful drilling in new regions. Gathering pipeline and facilities planned for construction in the Haynesville shale through 2009 are currently about 150 miles.
