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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"What's in the water?"

That was the impetus for a consensus rule adopted by the Arkansas Oil and Gas Commission to regulate natural gas drilling in the lucrative Fayetteville Shale play earlier this year.

The commission initiated rules for gas drillers that require registrations, requests for trade secret exemptions, and disclosure of the chemicals used in a process known as "fracking," which pushes the gas from the shale formation through high-pressure treated water. The water from fracking is contained and hauled off for disposal, but concerns persist about its ability to affect the environment.

Source: The City Wire

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