18 April 2024
BHP Billiton takes $2.84 billion hit on Fayetteville shale gas assets
Publication date: 03 August 2012
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Australia’s BHP Billiton said on Friday that it will have to write off $2.84 billion from the value of the Fayetteville shale gas assets it acquired from Chesapeake Energy in February 2011 due to low US gas prices.