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Monday, February 21, 2011

BHP Billiton aims to triple daily output from new shale gas asset

BHP Billiton aims to triple daily production from its new shale gas asset as the field is developed, Petroleum chief Michael Yeager told reporters on Tuesday. BHP agreed to buy holdings in the Fayetteville shale gas field from Chesapeake Energy Corp for $4.75 billion on Tuesday. (Reporting by Sonali Paul; Editing by Balazs Koranyi)

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