Planets align for BHP's shale resurrection

WOOD Mackenzie’s belief that the Permian Basin will lead the charge in 2017 for exploration and production as final investment decisions double and costs bottom out is good news for BHP Billiton, which stands to benefit from US shale’s resurrection under rising oil prices and a pro-industry president.

Planets align for BHP's shale resurrection Planets align for BHP's shale resurrection Planets align for BHP's shale resurrection Planets align for BHP's shale resurrection Planets align for BHP's shale resurrection

BHP's shale operations in the US.

According to Wood Mackenzie's global upstream outlook for 2017, this year will show the first signs of growth since 2014 with FIDs to double over 2016 levels, demonstrating how efficient the oil and