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.
Showing posts with label Fayetteville Shale. Show all posts
Showing posts with label Fayetteville Shale. Show all posts

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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