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On the shale gas bandwagon

BHP Billiton Petroleum (BHPP) has paid $1.77 per thousand cubic feet for proven and probable (2P) reserves of shale gas in the Fayetteville field, paying $4250 million for 2.4 trillion cubic feet (Tcf) of 2P gas reserves and 10Tcf of contingent (3C) resources, plus $500 million for midstream assets, which we assume are gas gathering, compression and processing facilities. - <b>By Peter Strachan</b>

On the shale gas bandwagon

The purchase also represents $8730 per net acre for its interest in 487,000 partially developed acres that are producing 415 million cubic feet of gas per day (MMcfd) to the owner's account. Developing...

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