The company’s founder, Floyd C. Wilson, has demonstrated a penchant for forming a company, taking it public, and then selling it to another oil and gas company. Wilson founded Hugoton Energy Corporation in 1987 and sold it in 1998 for $450 million. Afterwards, he founded 3TEC Energy Corporation in 1999 and sold it in 2003 for $350 million. Petrohawk Energy is Wilson’s third major startup, which according to its 10-K filing intends to sell “at an appropriate time with the goal of providing superior returns to stockholders.”