All cash offer for Petrohawk Adding to BHP Billitons Tier 1, growth portfolio Marius Kloppers Chief Executive Officer, BHP Billiton J. Michael Yeager Chief Executive, BHP Billiton Petroleum Floyd C. Wilson Chairman and CEO, Petrohawk…
Adding to BHP Billitons Tier 1, growth portfolio All cash, recommended offer for 100% of Petrohawk Energy Corporation Further underpins our objective to be represented across the full energy product offering as the worlds energy mix…
BHP Billiton is a natural owner of large, long-life, high margin shale assets Shales are entering a new stage of the development cycle Industry restructuring will unlock significant future value Ultimate success requires a…
J. Michael Yeager Chief Executive, BHP Billiton Petroleum 15 July 2011
Substantial premium recognises the value of Petrohawks growth opportunities Total enterprise value of approximately US15.1 billion including approximately US3.0 billion of assumed net debt(1) Agreed price of US38.75 per share 49.5%…
Targeting close third quarter 2011 Targeted closing in the third quarter of 2011 EVENT EXPECTED DATE Tender offer to commence by 25 July, open for a Sign Merger minimum of 20 business days Agreement 14 July Closing is…
Floyd C. Wilson Chairman and CEO, Petrohawk Energy Corporation 15 July 2011
J. Michael Yeager Chief Executive, BHP Billiton Petroleum 15 July 2011
Strong market fundamentals The US gas market is the largest in US natural gas demand(1) (Bcf/d) the world 100 Power Non Power An interconnected pipeline system 80 60 allows for the efficient delivery of gas throughout the…
Petrohawk a proven growth profile Headquartered in Houston with approximately 650 employees Concentrated portfolio of high quality assets in Texas and Louisiana Approximately one million net acres, with estimated 2011 net…
Haynesville & Lower Bossier Two shale gas reservoirs occupying the same geographic space at different depths Strong position in the core of the play Estimated 345,000 net risked acres Largest acreage holder in highest…
Eagle Ford Liquids rich shale play with significant scale and superior returns De-risked but still early in the development cycle Excellent acreage position Estimated 332,000 net acres Black Hawk performance and economics…
Permian New liquids-rich core shale area recently acquired by Petrohawk Estimated 325,000 net acres West Texas Primarily oil Permian North Midland Basin Significant portions de-risked 90% operated Delaware South Midland…
Committed to sustainable development The technology used in shale development is safe when coupled with sound operating practices; and it continues to improve Regulations continue to evolve at the federal and state levels, with…
Strong returns and significant development potential Long life, expandable nature of Offshore Shale shale perfectly complements our Oil and Gas existing portfolio and strategic Geologic risk Yes No capability in the deep water Time…
BHP Billiton will unlock full potential Petrohawks announced 2011 capital Acceleration of Petrohawks development spend (US millions, net, real) budget is US2.85 billion 7,000 BHP Billitons strong balance sheet and 6,000 financial…
Substantial volume growth ahead Petroleum expected to become a Long term production growth (Mboe/d, net) one million barrel per day business 2,000 within 5 years Sustained volume growth expected 1,500 through the rest of the…
A significant resource acquisition Petrohawk acquisition more than Combined net risked resources (MMboe) 5.9 Billion 11.3 Billion doubles Petroleums existing 12,000 Proved Reserves BOE BOE resource base and increases proved…
A compelling premium for Tier 1 assets and strong organisational capability All cash offer of US38.75 per share, Compelling premium (US per share) implying a total equity value of Offer price: US38.75 per share 40 approximately…
Organisational capability Organisational capability has been the driving force behind Petrohawks success Entrepreneurial spirit pioneer at the Haynesville and Eagle Ford shales Excellent operating performance and strong…
Deal summary Excellent strategic fit, fully consistent with our Tier 1 strategy Complements our recent Fayetteville shale acquisition and adds to portfolio diversity Significant increase in resources with sustained production growth…
Marius Kloppers Chief Executive Officer, BHP Billiton 15 July 2011
Adding to BHP Billitons Tier 1, growth portfolio Substantial premium represents a unique opportunity for Petrohawk shareholders and recognises the growth opportunities in its portfolio The world will continue to adjust and adapt its…
Loading...
