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BHP targets petroleum growth with $US12.1B shale buy

BHP Billiton has reached an all-cash deal to buy US shale producer Petrohawk Energy for $US12.1 billion ($A11.3 billion), or $US38.75 per share, as it aims to turn its petroleum arm into a 1 million barrel per day business within five years.

MiningNews.Net
BHP targets petroleum growth with $US12.1B shale buy

The comments by BHP Billiton Petroleum chief executive officer Michael Yeager during an investor presentation this morning reflects the world’s largest miner’s goals in acquiring Petrohawk, which holds...

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