Marquette

After ‘Difficult’ 2011, Hess Embracing Unconventionals in 2012

Hess Corp.’s total crude oil and natural gas production fell in 2011 and it suffered a net loss in the fourth quarter, but company officials said Wednesday they are confident this year will be better as the company commits to developing its growing North American unconventional portfolio.

January 27, 2012

Hess Devotes Big Share of ’12 Capex To U.S. Shale

Hess Corp. announced Thursday that it would spend $6.8 billion in global capital expenditures (capex) in 2012, more than one-third of which would target unconventional sources in the United States, specifically the Bakken, Eagle Ford and Utica shales.

January 17, 2012

Alliance Owners Agree to Start Building Bakken Lateral

Two Calgary-based companies announced Tuesday that they will construct a 77-mile pipeline lateral in North Dakota to transport liquids-rich gas from the Bakken Shale to the Midwest for processing.

September 29, 2011

Ohio Governor Taps Former Industry Executive to Jobs Post

In a new push for development of the Marcellus and Utica shales, Ohio Gov. John Kasich has appointed former Ohio Department of Natural Resources (ODNR) Director David Mustine to a top post with JobsOhio, Kasich’s new private, nonprofit corporation designed to spur job creation and economic development.

September 13, 2011