BHP Billiton eyes to sell US shale gas assets
(MENAFN) Mining giant BHP Billiton plans to sell some of its shale gas assets in the United States, closing the chapter on a controversial acquisition three years ago that sparked a multi-billion dollar write-down, AFP reported.
The company's chief executive, said that BHP was looking to sell its Fayetteville shale gas assets in Arkansas.
"As we look to improve the balance of liquids and gas across our Petroleum portfolio we have initiated the marketing (of) our Fayetteville acreage," Mackenzie said in a statement late Tuesday.
BHP acquired Fayetteville from Chesapeake Energy as part of USD4.75 billion worth deal in February 2011.
The company's chief executive, said that BHP was looking to sell its Fayetteville shale gas assets in Arkansas.
"As we look to improve the balance of liquids and gas across our Petroleum portfolio we have initiated the marketing (of) our Fayetteville acreage," Mackenzie said in a statement late Tuesday.
BHP acquired Fayetteville from Chesapeake Energy as part of USD4.75 billion worth deal in February 2011.
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