Hess Corporation Archives - Page 7 of 7

North Dakota Oil Production – Same Players, Different Pecking Order

December 12, 2017

Continental, Whiting, others shift positions from 2 years ago The North Dakota Industrial Commission released its September 2017 oil production data this week, reporting per-well production across the state. The largest oil producers in the Bakken/Three Forks plays in North Dakota are shown in the top chart. The NDIC data from September 2015, however, delivers a shuffled order of companies

Hess Moves Guyana Resource Estimate Closer to 1.4 Billion BOE

October 26, 2016

Hess’ Liza-3 well offshore Guyana confirms a major oil discovery with breakeven below $40 per barrel Hess Corporation (ticker: HES) released its third-quarter earnings Wednesday, reporting a loss of $1.12 per share, but the company also updated the markets on its offshore Guyana project, saying that the company now believes recoverable resources are on the high-end of the company’s previous

Exxon Mobil and Hess Corp. Announce World-Class Oil Discovery

June 30, 2016

The equivalent of 1,400 Gulf of Mexico Blocks: Tillerson Exxon Mobil (ticker: XOM) and Hess Corp. (ticker: HES) announced initial results from the Liza-2 exploration well in the Stabroek block of offshore Guyana. This announcement follow the success of the Liza-1 well in 2015. The results confirm a world-class oil discovery with estimated recoverable resource for the Liza prospect of

Hess Battles $1.5 Billion Suit Over Closed Refinery in the U.S. Virgin Islands

September 16, 2015

The U.S. Virgin Islands filed a lawsuit against Hess Corp. (ticker: HES) for approximately $1.5 billion, saying the company violated its contract by shuttering its refinery in St. Croix. Prior to being shuttered, the facility was once the world’s largest refinery, and was responsible for employing 2,500 people, or about one in four workers in the Virgin Islands. The facility

Oil & Gas 360 - ConocoPhillips ups drilling program in Eagle Ford - Oil & Gas 360

Shell-BG Merger Accounts for 73% of Q2 M&A

July 22, 2015

M&A activity down in terms of volume, but Shell-BG megadeal pushes overall dollar value up The second quarter of 2015 showed the largest amount of activity in mergers and acquisitions (M&A) in the oil and gas sector by value since the fourth quarter of 2012, reports the Energy Information Administration (EIA). $115 billion of M&A activity was reported in Q2,

Hess Midstream Partners LP One Step Closer to Reality

June 11, 2015

Next Up: IPO Hess Corporation (ticker: HES) has announced plans for a 50/50 joint venture (JV) consisting of its midstream assets in the Bakken Shale. The company will receive cash consideration of $2.675 billion from its partner, Global Infrastructure Partners (GIP), as part of the agreement. The full value of the deal is $5.35 billion. GIP is a private equity

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