Natural gas prices in the U.S. have been pushed sharply lower in recent years because drillers have learned to unlock enormous amounts of natural gas from shale formations under several states, dramatically boosting supplies.BHP Billiton also acquired Petrohawk Energy in 2011 for $12 billion. Petrohawk focused on oil instead of gas, though, so BHP did not have to write down those assets.
Freeport To Buy Plains, McMoRan Exploration
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