Operator · Gulf Of Mexico (GOM) & Utica Shale
Hess Corp
80 articles mentioning Hess Corp · Page 3 of 4
Exxon's Guyana Wells Continue Streak; Two More Discoveries Reported
ExxonMobil has made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells. This brings the total number of discoveries on the Stabroek Block to 12. The discoveries build on the previously announced estimated recoverable...
2019 Capex / Production Comparison YOY: Bakken Shale
As E&Ps begin to release 2019 operating plans, Shale Experts is taking a look at how the spending and production is changing YOY. We looked at major operators in the Bakken Shale below. *Several companies have...
Hess Spending +38% More in 2019; Bets Bulk on Bakken, Guyana Ops
Hess has announced a 2019 E&P capital and exploratory budget of $2.9 billion, 75% of which will be allocated to activities in Guyana and in the Bakken. This is a +38% increase over 2018 spending of...
Hess Hits 10th Stabroek Discovery; Resource Potential Upped to Five Billion BOE
Hess has made a tenth discovery offshore Guyana at the Pluma-1 well on the Stabroek Block. As a result of this new discovery and further evaluation of previous discoveries, the estimate of discovered recoverable resources for...
BP, Hess Miss Mark at Exploration Well Offshore Nova Scotia
Hess announced that drilling of the Aspy exploration well offshore Nova Scotia reached total depth of 7,400 meters. The prospect did not encounter commercial quantities of hydrocarbons and will be plugged and abandoned. BP Canada as...
Hess Continues Streak Offshore Guyana with Ninth Discovery
Hess announced a ninth oil discovery offshore Guyana at the Hammerhead-1 well, marking its fifth oil discovery on the Stabroek Block in the past year and proving a new play concept for potential development. Hammerhead-1 encountered...
Hess' Bakken Production Still Sees Limited Growth in Q2; Ramps Up Rigs
Hess reported its Q2 2018 results. Q2 net production averaged 247,000 BOEPD, excluding Libya (up +6% from 233 BOEPD in 1Q18). CEO John Hess said: "We delivered strong operational performance in the quarter - exceeding our...
Hess, Exxon Up Stabroek Resource Potential +25% to Four Billion BOEs
ExxonMobil and Hess have increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to over 4 billion oil-equivalent barrels (up +25% from 3.2 billion BOEs previously estimated). The increase follows completion...
Hess Makes Eighth Oil Discovery Offshore Guyana; Results Under Evaluation
Hess announced an eighth oil discovery offshore Guyana at the Longtail-1 exploration well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The well encountered approximately 256 feet (78 meters)...
Hess Production Falls 17%; Plans to Increase Bakken Rig Count
Hess reported its Q1 2018 results. The company reported net corporate production of 233 Mboe/d in 1Q18 which is down -17% sequentially and -24% YoY. What we found rather interesting was that the company grew its...
Three Operators Boosting Rig Count in the Bakken in 2H 2018
Three E&Ps are planning to ramp up their rig count in the Bakken in second half of 2018.
Exxon Touts Seventh Oil Discovery Offshore Guyana
Exxon has hit oil at its Pacora-1 exploration well offshore Guyana, marking its seventh oil discovery in the region. ExxonMobil encountered approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled...
Hess Focusing on 'Cost Reductions' in 2018 After Q4 Loss, Investor Pressure
Hess reported its Q4 and year end 2017 results. Reported a net loss of $2,677 million, or $8.57 per common share, in Q4 2017, compared with a net loss of $4,892 million, or $15.65 per common...
Hess Keeping Spending Flat at $2.1B in 2018; Ups Bakken Rig Count +50%
Hess reported its 2018 capital budget. The 2018 budget allocates increased capital for continuing exploration and development activities offshore Guyana and for the Bakken, which includes growing the rig count from four rigs to six rigs....
Hess Axing ~300 Jobs as Investors Push for Profits
Hess has announced that it plans to cut approximately 300 jobs (or 13% of its workforce), according to a report by Reuters. Most of the cuts will be from its Houston office. These cuts come amidst...
Exxon's Ranger-1 Exploration Well Hits Pay Offshore Guyana
ExxonMobil has struck oil at its Ranger-1 exploration well offshore Guyana. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Ranger-1 well on Nov. 5, 2017 and encountered approximately 230 feet (70 meters) of...
Fire Reported at Shell-Operated Enchilada Platform in GOM
Hess has reported that a portion of its GOM projects are shut-in due to a fire that occurred at the Shell-operated Enchilada platform. Shell advised in a statement on Nov. 12 that a plan for repairing...
Hess Focuses on Big Fracs in Bakken; Completion Numbers Down 38% YoY
Hess reported its Q3 2017 results. Highlights from its call / release include: Total Q3 production was 299,000 boe/d, Bakken production was 103,000 boe/d E&P capex was $553 million in Q3, $1.479 billion for the 9...
Exxon Hits Fifth Oil Discovery Offshore Guyana
Exxon reported a new oil discovery at the Turbot-1 well offshore Guyana. This is its fifth discovery in the area, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. The well was drilled to...
Hess Takes Hit in Q2 as Losses Increase 15% YOY
Hess has reported its Q2 2017 results. Highlights include: Higher net loss YOY: Hess reported a net loss of $449 million for Q2 2017 (15% higher than its $392 million net loss for Q2 2016) US...