bhp may tap us gas wells as prices rise

BHP may tap US gas wells as prices rise
by: Matt Chambers
From:The Australian
October 13, 201212:00AM

US natural gas prices are storming higher, climbing 90 per cent from a 10-year low hit earlier this year and passing levels at which BHP Billiton is ready to restart curtailed onshore production at the US shale gas assets it was recently forced to write down by $US1.8 billion ($1.7bn).

Forecasts for a normal US winter, as opposed to the record warmth recorded last winter that left gas storage across the nation full, have sent domestic gas prices up 29 per cent since the start of September to an 11-month high of $US3.62 per million British thermal units (mmBtu)......

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