BHP Billiton closes Petrohawk Energy acquisition

08/25/2011 | Boston Globe (tiered subscription model), The

BHP Billiton finalized its $12.1 billion acquisition of Petrohawk Energy. "With the completion of this transaction, BHP Billiton Petroleum is on track to deliver compound annual growth in production volumes of 10% for the remainder of the decade," said Michael Yeager, CEO of BHP Billiton Petroleum. BHP gains properties covering approximately 1 million acres from the transaction.

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