Hints and tips:
...But one of analysts’ main conclusions from a welter of information on BHP’s oil business this month is that its US onshore assets — in well-known shale formations such as the Permian basin and Eagle Ford...
...BHP says its drilling costs in the Black Hawk field in the Eagle Ford shale declined by 17 per cent in the six months to December to $3.7m a well, while drilling time improved 11 per cent to 21 days per...
...BHP, the largest non-US producer in the prolific Eagle Ford shale of Texas, is understood to be pursuing exports through self-classification without obtaining a fresh ruling....
...BHP expects its Eagle Ford and Permian fields to reach net production rates of 200,000 barrels of liquids a day by 2017....
...Ford shale region....
...BHP Billiton, a large producer in the Eagle Ford shale of Texas, sold one cargo of ultralight oil to Vitol and provided the trading house with an indemnity against any legal action, according to traders....
...The resources group cut its annual guidance for petroleum by 2 per cent after selling operations in the UK and after saying gas output from its Eagle Ford basin in the US was lower....
...Most of BHP’s investment will be in the Black Hawk area of the Eagle Ford shale in southern Texas....
...John Kemp argues that the misadventures of Shell, BG, BHP Billiton etc are just the sign of joining the shale asset-buying cycle too late, and “(n)ot that the shale revolution set off by new technology is...
...A clutch of companies, including BHP Billiton and BG Group, wrote down their US shale gas assets last year, as the low price of American natural gas reduced the value of their reserves....
...now be focused on liquids-rich Eagle Ford and Permian Basin fields in Texas....
...BHP followed in 2011 buying Petrohawk, with operations in Eagle Ford and Haynesville in Louisiana, for $12.1bn in cash....
...Daylight’s shale gas prospect in Alberta has drawn parallels with the more highly developed Eagle Ford acreage in Texas, into which Cnooc, BHP Billiton and others have poured resources during the past year...
...Petrohawk operates in the Eagle Ford and Haynesville shales in Texas and Louisiana as well as owning substantial acreage in the Permian Basin, an oil-rich shale in Texas....
...Anadarko Petroleum has signed a $1.55bn deal with the Korea National OilCorporation for one-third of the US group’s interest in the Maverick Basin assets, located in the highly sought-after Eagle Ford shale...
...Jac Nasser, the former Ford chief executive, will next month succeed Don Argus as chairman of BHP Billiton, the Anglo-Australian mining group said on Wednesday....
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