Hess Corp

Exxon, Hess to Proceed with Liza Development; IDs Up to 2.5 Billion Barrels Recoverable

Exxon will proceed with the first development phase of the Liza field discovery offshore Guyana. Production is expected to begin by 2020. The company also announced positive results from the Liza-4 well, which encountered more than...

Hess Plan to Ramp Up Bakken To Six Rigs By Year-End 2017

Hess has reported its 1Q17 results and here is a quick read...

Hess to Ramp Up Bakken Ops in 2017; Capex Up 18% YOY at $2.25B

Hess detailed its preliminary 2017 guidance as well as its estimated Q4 2016 results.

Exxon, Hess Touts Payara-1 Discovery Offshore Guyana

The Payara-1 well, located approximately 10 miles (16 kilometers) northwest of the Liza discovery, was drilled by Esso Exploration and Production Guyana Limited, and encountered more than 95 feet (29 meters) of high-quality, oil-bearing sandstone reservoirs.

Operator IDs $2.25B Budget for 2017; Ups Bakken Rig Count +200%

The company plans to increase its Bakken rig count from two to...

Hess Starts Using 50-Stage Fracs in the Bakken in Q3

Hess reported a net loss of $339 million...

Hess Boosts Bakken Frac Stages 30% YOY; GOM Production Dips

Hess Corporation reported its second quarter 2016 results.

Kosmos Farms Out with Hess in Suriname

Hess will acquire a one-third non-operated interest in the Block 42 contract area from both Chevron Corporation and Kosmos.

Hess Dropping to Two Bakken Rigs in 2Q Until Oil Hits $60/Barrel

Hess reported a net loss of $509 million.

North Dakota Rig Count Falls To 29; Will Fall Further

Today, after updating our Rig database, we noticed that the rig count fell to...

Report : Completion Activity, Bakken/Williston, Jan - March 2016, All Operators

Completions activity in North Dakota is showing a 37% drop year-over-year in Q1 2016.

Bakken/Williston : 36 Operators Plan To Complete 533 Wells In 2016

Excel sheet - downloadable copy.

Hess' Chairman of the Board Retires; Successor Named

Hess Corporation reported that Dr. Mark Williams, Chairman of the Board of Directors, has announced his retirement, effective immediately, due to health reasons.

Bakken/Williston Update - February 2016: Completion Down 40% YoY

Hess Lowers 2016 Capex 40%; GOM Takes Center Stage, Bakken, Utica

Hess Corporation announced a 2016 E&P capital and exploratory budget of $2.4 billion, a 40 percent reduction from its 2015 actual spend of $4.0 billion and approximately 20 percent below preliminary 2016 guidance of $2.9-$3.1 billion...

Hess' Proved Reserves Dip to 1,086 MMBOE as Activity Lulls

Lower crude oil prices and reduced drilling plans resulted in negative revisions to proved reserves of 282 million boe.

Hess Forecasts Production, Capex Decline in 2016

Currently projected 2016 capital and exploratory expenditures in a range of $2.9-$3.1 billion.

Utica Shale Asset For Sale 22,500 Net Acres

Bloomberg is reporting that Hess is seeking actively seeking a buyer for it's 22,500 (50% of its 45,000 net JV with Consol) net acres in the Utica Shale. The company is reportedly working with Goldmand Sachs...

Hess Sees Huge Jump in Bakken Production; Talks GOM Discoveries

Oil and gas production in the Bakken was 119,000 boepd, up from 80,000 boepd in the year-ago quarter.

New Trend: E&P Players Selling Midstream Assets to Fund Drilling

Several E&P players are selling off midstream subsidiaries in an effort to gain additional capital.