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BHP BILLITON PLC - BHP completes sale of Fayetteville Onshore US assets

Release Date: 28/09/2018 17:19
Code(s): BIL     PDF:  
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BHP completes sale of Fayetteville Onshore US assets

BHP Billiton Plc
Registration number 3196209
Registered in England and Wales
Share code: BIL
ISIN: GB0000566504

NEWS RELEASE
Release Time      IMMEDIATE
Date              28 September 2018
Release Number    16/18



BHP completes sale of Fayetteville Onshore US assets

BHP has completed the sale of its Fayetteville Onshore US gas assets to a wholly
owned subsidiary of Merit Energy Company (Merit). Merit acquired 100% of the
issued share capital of BHP Billiton Petroleum (Arkansas) Inc. and 100% of the
membership interests in BHP Billiton Petroleum (Fayetteville) LLC, which hold the
Fayetteville assets, for a total consideration of US$0.3 billion.

Completion of the sale of BHP’s interests in the Eagle Ford, Haynesville and Permian
Onshore US oil and gas assets to BP American Production Company (a subsidiary of
BP Plc) is expected to occur by the end of October 2018. Completion of that sale is
subject to the satisfaction of customary regulatory approvals and conditions
precedent.

About the Fayetteville Onshore US assets
The Fayetteville production operation is located in north central Arkansas and
consists of approximately 258,000 net acres(1). In the 2018 financial year Fayetteville
produced 13.3 million barrels of oil equivalent (79.9 billion cubic feet of gas).

Further information on BHP can be found at: bhp.com

Sponsor: UBS South Africa (Pty) Limited




1) BHP Annual Report 2018

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BHP Billiton Limited ABN 49 004 028 077           BHP Billiton Plc Registration number 3196209
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