Petrohawk Energy to sell Gulf Coast division

June 25 (Reuters) - Petrohawk Energy Corp. (HK.N) said it plans to sell its Gulf Coast division and focus on growing its base of Mid-Continent natural gas resource-style activities.

The energy company said it agreed to acquire about 32,500 net acres in the Fayetteville Shale, primarily in Van Buren County, Arkansas.

Petrohawk also said it plans to form a Master Limited Partnership (MLP) with some of its Permian and Arkoma basin properties. It expects to file a registration statement with U.S. regulators, during the third quarter, for an initial public offering of about $150 million to $225 million MLP units. (Reporting by Dilipp S. Nag in Bangalore)