Top Story | Capital Markets | Capital Expenditure | Drilling Program-Rig Count | Capital Expenditure - 2022
Hess 2022 Budget: Bets Bulk on Three Rig Bakken Program, Guyana Ops
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Hess Corp. announced its 2022 Exploration & Production capital and exploratory budget.
2022 Details:- Capex of $2.6 billion, of which approximately 80% will be allocated to Guyana and the Bakken.
The $2.6 billion budget is allocated as follows: $1,150 million (44%) for production, $1,000 million (39%) for offshore Guyana developments and $450 million (17%) for exploration and appraisal activities 3-rig program in the Bakken - third rig to be added in 2Q22- Net production is forecast to average between 330,000 and 340,000 barrels of oil equivalent per day in 2022, excluding Libya.
Bakken net production is forecast to average between 165,000 and 170,000 barrels of oil equivalent per day in 2022. Conference Call Highlights - Bakken: In 2021, our drilling and completion cost per…- ✓ Full news archive — U.S., Canada & international coverage
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