BHP to look for kicker on US shale sale

Original article by James ThomsonMatthew Stevens
The Australian Financial Review – Page: 23 & 28 : 16-Nov-17

BHP Billiton is believed to be looking to either divest its entire US shale business in a single transaction or sell its five shale fields separately. BHP has invested more than $US20bn in the shale assets, so it will be hoping to achieve good value from the transaction. As a result, any deal could potentially include contingency payments based on the future price of crude oil. ExxonMobil is among the companies whose recent oil field acquisitions have included so-called "kicker" payments.

CORPORATES
BHP BILLITON LIMITED – ASX BHPEXXONMOBIL CORPORATIONHILCORP GROUPCONOCOPHILLIPSCARRIZO OIL AND GASJEFFERIES AND COMPANYDEUTSCHE BANK AG