Exploration & Production

BP to buy Petrohawk for $10.5 bln

BP has agreed to acquire BHP’s wholly owned Petrohawk Energy subsidiary for $10.5 billion.
By Staff reporter 27 July 2018 0 31928

BP has agreed to acquire BHP’s wholly owned Petrohawk Energy subsidiary for $10.5 billion, BP announced on Thursday.

The acquisition will give BP “a portfolio of world-class unconventional oil and gas assets from BHP” that will comprise 190,202 net hectares of licences across the Permian-Delaware, Eagle Ford and Haynesville basins in North America.