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BHP Billiton's acquisition of American Natural Gas Oil Eagle Energy

Australian mining giant BHP Billiton's oil and U.S. natural gas Eagle Energy (Petrohawk Energy) reached a definitive agreement, the price of $ 38.75 per share cash offer for all issued shares of the latter, the total value of about $ 12.1 billion. BHP Billiton will also assume debt of oil eagle energy, which means that the total value of mergers and acquisitions will reach $ 15.1 billion.

 

BHP Billiton chief executive Marius Kloppers said: "The acquisition of Eagle Energy is our exposure to oil the world's largest energy market offers better opportunities, but also expanded the range of development areas and customers, in line with company strategy."

 

BHP Billiton Petroleum Business Officer J. MichaelYeager said the acquisition will increase oil company Eagle Energy's high-quality growth, this acquisition will enable the company has oil Eagle Energy's three world-class natural gas and shale gas land assets EagleFord, Haynesvilleshales and PermianBasin, to increase the size of the existing energy infrastructure more than doubled, as companies seek new business growth path in a major strategic shift.

 

Eagle Energy CEO oil FloydWilson said: "We believe these high-quality crude oil and natural gas assets from the entity through the formation of a greater benefit from the use of higher capital intensity, the value of these resources to accelerate and we are pleased to complete this transaction become part of BHP Billiton. "

 

Analysts said with BHP Billiton, like many other energy and mining companies will also be targeted in the shale gas industries, in part because shale gas could become a major source of clean-burning fuel, and the world is stepping up its search for coal energy alternative.

 

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