M&A Deal Summary

BHP Acquires Petrohawk Energy

On August 26, 2011, BHP acquired oil/gas exploration company Petrohawk Energy for 15.1B USD

Acquisition Highlights
  • This is BHP’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is BHP’s largest (disclosed) transaction.
  • This is BHP’s 3rd transaction in the United States.
  • This is BHP’s 1st transaction in Texas.

M&A Deal Summary
Date 2011-08-26
Target Petrohawk Energy
Sector Oil/Gas Exploration
Buyer(s) BHP
Deal Type Add-on Acquisition
Deal Value 15.1B USD
Advisor(s) Goldman Sachs (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Petrohawk Energy

Houston, Texas, United States
Petrohawk Energy Corporation was a publicly-traded E&P company based in Houston. The Company was formed in May 2003 by Floyd Wilson, the former founder and CEO of 3TEC Energy.

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Buyer(S) 1

Buyer

BHP

Melbourne, Australia
Category Company
Founded 1851
Sector Metals/Mining
Employees38,962
Revenue 55.7B USD (2024)
DESCRIPTION

BHP is a multinational mining and oil/gas exploration company. BHP was founded in 1851 and is based in Melbourne, Australia.

DEAL STATS #
Overall 7 of 8
Sector (Oil/Gas Exploration) 3 of 3
Type (Add-on Acquisition) 5 of 6
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2011) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-22 Fayetteville Shale assets - BHP Billiton

Oklahoma City, Oklahoma, United States

Chesapeake's Fayetteville shale assets include approximately 487,000 acres of leasehold and producing natural gas properties located in Arkansas, USA.

Buy $4.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-21 Louisiana Properties - BHP Billiton

Melbourne, Australia

Sell -
Mergr

Product

Company

Legal