Operator · Gulf Of Mexico (GOM) & Utica Shale
Hess Corp
80 articles mentioning Hess Corp · Page 1 of 4
Hess Corporation First Quarter 2023 Results
Hess Corp. announced its first quarter 2023 results. Highlights Net income was $346 million, or $1.13 per share, compared with net income of $417 million, or $1.34 per share, in the first quarter of 2022; adjusted...
Hess Increases Capex + 42%; Bakken Development Up +40%
Hess provided a look at its 2023 development program. The company plans include increasing the bakken development program by 39%. The company will see well count increase to 110 vs 85 last year a 33% increase....
Hess Corp. Second Quarter 2022 Results
Hess Corp. reported its 2Q 2022 results. Hess reported net income of $667 million, or $2.15 per common share, in the second quarter of 2022, compared with a net loss of $73 million, or $0.24 per...
Exxon Makes Dual Discoveries at Liza, Payara Prospects Offshore Guyana
ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year,...
Hess Corp. First Quarter 2022 Results
Hess Corp. reported its first quarter 2022 results. Key Developments: Announced new discoveries at Barreleye, Lukanani, and Patwa on the Stabroek Block, offshore Guyana; discoveries further underpin the development potential of the Block Increased the gross...
Exxon, Hess to Proceed with Yellowtail Development Offshore Guyana
ExxonMobil has made a final investment decision to proceed with development of Yellowtail offshore Guyana after receiving government and regulatory approvals. The company's fourth, and largest, project in the Stabroek Block is expected to produce approximately...
ExxonMobil Begins Production at Stabroek Liza Unity Offshore Guyana; Will Hit 220,000 BOPD
ExxonMobil has started production at Guyana's second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country's first...
Hess 2022 Budget: Bets Bulk on Three Rig Bakken Program, Guyana Ops
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...
Hess Details Q4 2021 Results; Financials, Production, Bakken Summary
Hess Corp. reported its preliminary 4Q 2021 results. The company reported net income of $265 million, or $0.85 per share, in the fourth quarter of 2021, compared with a net loss of $97 million, or $0.32...
ExxonMobil Makes Dual Oil Discoveries at Stabroek Block
ExxonMobil has made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in...
Hess Corp. Third Quarter 2021 Results
Hess Corp. reported its Q3 2021 results. Hess reported net income of $115 million, or $0.37 per common share, in the third quarter of 2021, compared with a net loss of $243 million, or $0.80 per...
Exxon Strikes Oil at Pinktail Well Offshore Guyana
ExxonMobil has made a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs. In addition to successful appraisal...
Hess Corp. Second Quarter 2021 Results
Hess Corp. reported its Q2 2021 results. Hess reported a net loss of $73 million, or $0.24 per common share, in the second quarter of 2021, compared with a net loss of $320 million, or $1.05...
Hess to Increase Bakken Rig Count, CapEx Unchanged
Hess provided an update to its most recent quarterly results. Here is the quick read. 1. The company said it plans to add 1 rig to its bakken rig count in September after completing 9 wells...
Exxon, Hess Strike Oil Discovery at Guyana Whiptail Prospect
ExxonMobil and Hess Corp. announced a significant oil discovery on the Stabroek Block offshore Guyana at Whiptail. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling...
Exxon Touts Discovery at Longtail-3 Well Offshore Guyana
ExxonMobil has made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1...
Enerplus Wraps Up $312MM Deal for Hess' Bakken Assets
Enerplus Corp. has closed its previously announced acquisition of Williston Basin assets from Hess Corp. for a total cash purchase price of $312 million in cash. The deal was initially struck on April 8, 2021. The...
Hess Corp. First Quarter 2021 Results
Hess Corp. reported its Q1 2021 results. Hess reported net income of $252 million, or $0.82 per common share, in the first quarter of 2021, compared with a net loss of $2,433 million, or $8.00 per...
Exxon Strikes Oil at Uaru-2 Well Offshore Guyana; 9.0 Billion BOE
ExxonMobil and its partner, Hess Corp., have made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block,...
Hess Prelim Q4: Spending Down 58% YOY as Bakken, GOM Ops Slow; Production Dips 2%
Hess Corp. reported its preliminary 4Q 2020 results. 4Q Spending Down 58% YOY E&P capital and exploratory expenditures were $371 million in the fourth quarter of 2020, down from $876 million in the prior-year quarter. This...