BHP
Billiton
Petroleum
will
become
operator
of
the
interests
currently
operated
by
Chesapeake
under
the
deal,
which
includes
existing
net
production
of
about
415
million
cubic
feet
of
natural
gas
equivalent
per
day.
The
deal
also
includes
about
197,082
hectares
of
leasehold
and
producing
natural
gas
properties
and
midstream
assets
with
about
420
miles
of
pipeline.
In
an
announcement,
BHP
said
the
acquisition
would
give
it
the
second
largest
position
in
one
of
the
largest
gas
fields
in
the
world.
“This
acquisition
will
increase
BHP
Billiton's
net
reserve
and
resource
base
by
45%,”
the…
