BHP Billiton seeks sale of Permian Basin properties

10/22/2013 | Reuters

BHP Billiton seeks to offload some of its oil and natural gas properties in the Permian Basin, which covers large areas of New Mexico and Texas, as it concentrates on holdings that contain the "most interest." "The drilling program has now defined our primary area of focus in the basin and, while this program is at a relatively early stage, we see the potential to build a sizeable business," a spokeswoman for the company said.

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