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Earlier this year, BHP paid nearly $4.8 billion to acquire some shale natural gas assets from Chesapeake Energy.
Other companies associated with shale natural gas have become the object of deal-makers' attentions as well.
Denbury is the biggest oil and natural gas operator in Mississippi and has Barnett shale natural gas assets in Texas, according to the company's Web site.
BHP Billiton said Thursday that it would buy Petrohawk Energy for about $12.1 billion in cash, as the mining giant continues its quest for shale natural gas assets.
The deal is the latest example of a major company seeking an entrance into the red-hot shale natural gas space.
The state is handling the Marcellus Shale natural gas issue the same way it handled its badly managed coal mining problems.
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Finally, higher non-shale, natural gas prices are making coal an attractive alternative.
In shales, natural fractures provide permeability and the matrix provides storage for most of the gas (Bello and Wattenbarger 2010).
The boom in shale-natural-gas production driven by advances in hydraulic fracturing, or fracking has caused the demand for coal to tank.
These benefits have not gone unnoticed in Europe.The old continent has nearly as much technically recoverable shale gas (natural gas trapped in shale formations) as America.
The state has been studying the possibility of opening up the Marcellus Shale to natural gas drilling since 2008, and released a revised draft report on environmental effects last year.
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