BHP says U.S. shale business to generate cash by 2016
LONDON, Dec 10 (Reuters) – BHP Billiton, the world’s largest miner and a top investor in U.S. onshore oil and gas, said on Tuesday its U.S. shale business should generate cash from 2016, contributing almost $3 billion a year to the group by the end of the decade.
BHP, one of the largest producers outside the major integrated oil companies, plans to spend around $4 billion a year to expand its U.S. onshore oil and gas production.
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http://www.reuters.com/article/2013/12/10/bhpbilliton-petroleum-idUSL6N0JP3AO20131210
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