BHP Billiton plc (LON:BLT) Buys Up Shale Gas Reserves

BHP Billiton plc (LON:BLT) has decided to buy Chesapeake’s Shale assets. BHP Billiton plc (LON:BLT) Buys Up Shale Gas Reserves Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View the full BLT chart at Wikinvest BHP Billiton plc (LON:BLT) has agreed to acquire all of Chesapeake Energy Corporation’s interests in the Fayetteville Shale in Arkansas, including the midstream pipeline system, for US$4.75 billion. BHP Billiton plc (LON:BLT) expects to pay cash for the acquisition. J. Michael Yeager, the chief executive officer of BHP Billiton plc (LON:BLT) Petroleum said in a statement that, "The operated position we are obtaining will immediately make BHP Billiton a major North American shale gas producer. Longer term, the expertise we gain here will be usable elsewhere as we continue to grow our business." BHP Billiton plc (LON:BLT) shares stood at 2374.5 at the end of the last trading session (last trade 21 Feb 16:35). Price History Last Price: 2374.5 52 Week Range: 1,678.00- 2,647.00 Last Vol: 6644113 3 Month Vol: 6450460
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