Summary of PETROHAWK ENERGY CORP

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 25, 2009, the Compensation Committee of the board of directors held its annual review of executive compensation. In recognition of managements' performance, leadership in executing the Company's business plan and based upon competitive compensation data, the Compensation Committee approved bonuses for 2008 performance, increased base salaries for 2009, and awarded restricted stock and option grants under our 2004 Employee Incentive Plan. The stock option and restricted stock awards will vest in three equal annual installments on each anniversary of the date of grant. The exercise price for the stock options will be equal to the closing market price of our common stock on the New York Stock Exchange on March 2, 2009. Information for the awards made to the Company's principal executive officer, principal financial officer, and for the other named executive officer as required pursuant to this item are set forth in the table below.

                                                                                  Shares
                                                                                Underlying
Officer                        Title           2009 Salary     Annual Bonus    Stock Options   Restricted Stock
Floyd C. Wilson          CEO, President and
                         Chairman of the
                         Board                $     965,000   $    2,000,000         185,000             70,000
Richard K. Stoneburner   Executive Vice
                         President, Chief
                         Operating Officer    $     450,000   $    1,000,000          87,000             33,000
Larry L. Helm            Executive Vice
                         President, Finance
                         and Administration   $     375,000   $      700,000          73,000             28,000
Mark J. Mize             Executive Vice
                         President, Chief
                         Financial Officer
                         and Treasurer        $     350,000   $      600,000          73,000             28,000
Steve W. Herod           Executive Vice
                         President,
                         Corporate
                         Development          $     350,000   $      650,000          73,000             28,000