Bakken production up, drilling accelerating
Hess (ticker: HES) reported second quarter results today, showing a net loss of $130 million, or $0.48 per share. This result significantly exceeds the $449 million loss Hess took in Q2 2017, primarily due to higher oil prices and lower operating expenses.

Considered in isolation, Hess’ E&P business segment earned $31 million in Q2, compared to a net loss of $354 million at this point last year. The company’s production was up quarter over quarter, rising from 233 MBOPD to 247 MBOPD, or 6% qu...

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