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BHP Billiton Limited

Company Summary

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  • 5/12/2021 - BHP Selects McDermott to... (subscriber access)
  • 10/6/2020 - Gulf of Mexico Platform... (subscriber access)
  • 8/18/2020 - BHP Group Planning Sale... (subscriber access)
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  • 2/14/2020 - BHP Orders Feasibility... (subscriber access)

Company Transactions

Date: 11/9/2020
Type: Acquisition

SELLERS:
  • Hess Corporation
  • DETAILS:

    COST: 505 $MM

    VOLUMES: 11 M Bbls/d

    NOTES:
    Hess is divesting its 28% working interest in the Shenzen Field of the deepwater Gulf of Mexico to BHP Billiton for $505 million. The field produced 11 Mboe/d year-to-date and closing is planned before year-end 2020.
    REGIONS:
  • Gulf of Mexico
  • Date: 10/15/2018
    Type: Acquisition

    DETAILS:

    COST: 10.5 $B

    VOLUMES: 190 MBOE/d

    ACRES: 470000 Acres

    NOTES:
    The acquired assets include 470,000 net acres with 190 Mboe/d in production (45% liquids,) and 4.6 Bboe in resources. Regionally, it includes 83,000 acres in the Permian Basin with 40 Mboe/d (70% liquids) in production, 194,000 acres in the Eagle Ford producing 90 Mboe/d (70% liquids) and 194,000 acres in the Haynesville producing 60 Mboe/d (100% gas.)
    REGIONS:
  • Eagle Ford
  • Permian Basin
  • Delaware Basin
  • Haynesville-Bossier Shale