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4Q2019 Earnings: Hess Touts ‘Lean Manufacturing,’ Technology in Driving Down Bakken Costs

Hess Corp. is doing more with less, with the Bakken Shale continuing to drive a significant portion of oil and natural gas production growth at the same time 2019 spending came in lower than expected.

January 29, 2020

4Q2019 Earnings: Hess Touts ‘Lean Manufacturing,’ Technology in Driving Down Bakken Costs

Hess Corp. is doing more with less, with the Bakken Shale continuing to drive a significant portion of oil and natural gas production growth at the same time 2019 spending came in lower than expected.

January 29, 2020
Hess Capex Budget Puts Priority on Bakken, South America

Hess Capex Budget Puts Priority on Bakken, South America

Hess Corp. is once again directing the lion’s share, more than 80%, of its planned $3 billion capital expenditure (capex) budget for 2020 to high-return investments in the Bakken Shale and offshore Guyana.

January 28, 2020
Hess Capex Budget Puts Priority on Bakken, South America

Hess Capex Budget Puts Priority on Bakken, South America

Hess Corp. is once again directing the lion’s share, more than 80%, of its planned $3 billion capital expenditure (capex) budget for 2020 to high-return investments in the Bakken Shale and offshore Guyana.

January 28, 2020

Hess on Track for Higher Production, Lower Well Costs in Bakken

Hess Corp. senior executives on Wednesday designated the Bakken Shale and overseas operations in Guyana as the two sweet spots for most of the company’s capital expenditures in 2020.

November 1, 2019

Bakken Still U.S. Growth Engine for Hess, Says CEO

Hess Corp. is bullish on the Bakken Shale, with North Dakota still the company’s U.S. growth engine, the CEO said Thursday.

April 26, 2019
Hess to Bolster Bakken Natural Gas Processing

Hess to Bolster Bakken Natural Gas Processing

Hess Midstream Partners LP said Thursday it plans to expand the Tioga Gas Processing Plant in the Bakken Shale by 150 MMcf/d, creating a 400 MMcf/d processing facility north of the Missouri River in North Dakota.

April 26, 2019
Hess Sharpens Focus on Bakken, Expects 200,000 Boe/d from Play by 2021

Hess Sharpens Focus on Bakken, Expects 200,000 Boe/d from Play by 2021

Buoyed by increased U.S. crude oil production and with an eye more clearly focused on “high return, low cost opportunities” in the Bakken Shale and Guyana, Hess Corp. said Wednesday it slashed financial losses in 4Q2018.

January 31, 2019

Hess Earmarks 2019 Capex for More Bakken Rigs as Company Targeting Growth, Returns

Hess Corp. plans to ramp up to six rigs and produce 135,000-145,000 boe/d in the Bakken Shale in 2019 as part of a $1.87 billion capital expenditure (capex) budget in the United States, management said Monday.

December 10, 2018
GOM Auction Draws Fewer Bidders, Better Offers, with $26M Hess Bid in Mississippi Canyon

GOM Auction Draws Fewer Bidders, Better Offers, with $26M Hess Bid in Mississippi Canyon

Potential operators bid on less than 1% of the offshore blocks offered for auction in the federal Gulf of Mexico (GOM) Lease Sale 251 completed on Wednesday, but while muted, total high bids eclipsed offers in the March sale.

August 15, 2018
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