The Fayetteville Shale, is a black, organic-rich rock of Mississippian age that underlies much of northern Arkansas and adjacent states. It produces natural gas in the central portion of the Arkoma basin.

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Wednesday, July 20, 2011

BHP in $12B Shale Gas Deal

BHP Billiton has agreed to acquire shale gas producer Petrohawk in a deal valuing the US company at $12bn (£7.5bn). Petrohawk’s assets cover one million acres in Texas and Louisiana and add to the half-a-million-acre Fayetteville shale field in Arkansas that BHP bought in February from Chesapeake for $4.75bn.


Source: The Independent

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