- BHP Billiton (LON:BLT)'s (BHP +0.1%) U.S. onshore portfolio is valued at $7.5B at $60/bbl WTI oil, and $5.1B at $50 oil, energy consultant Rystad Energy calculates.
- In a $60/bbl scenario, Rystad says BHP's Eagle Ford acreage has a value of $4.2B, with the Black Hawk field - the "sweet spot" in the Eagle Ford Shale - is valued at $2.8B and the Hawkville field in the condensate area of Eagle Ford at $1.3B.
- Rystad says BHP’s Permian Delaware acreage is valued at $2.3B, and the consultant sees companies such as Anadarko Petroleum (APC -0.8%), Occidental Petroleum (OXY -0.6%), Chevron (CVX +0.2%), Exxon Mobil (XOM -0.4%), ConocoPhillips (COP -1%) and Royal Dutch Shell (LON:RDSa) (RDS.A, RDS.B) as potential suitors that could find synergies with their existing positions in those areas.
- Earlier: Analysts foresee hot markets for BHP's U.S. shale acreage (Aug. 23)
- Now read: Occidental Petroleum: Tough Sledding
Original article