BHP Boosts U.S.Shale Position With Petrohawk Buy

摘要

Making its second big move in U.S. shale gas markets nwithin fve months, Australian mining giant BHP Billiton Ltd. nannounced a deal Friday to buy Houston-based Petrohawk En-nergy Corp. for $15.1 billion in cash and assumed debt , a block-nbuster acquisition that will more than double BHP Billiton’s noverall petroleum reserve base and triple its proved reserves.