Tag: Hess

Hess Announces 2023 Capital Budget, Bakken Investment Remains Strong

by: MinotVoice  |  

NEW YORK–(BUSINESS WIRE)–Jan. 24, 2023– Hess Corporation (NYSE: HES) today announced a 2023 Exploration & Production capital and exploratory budget of $3.7 billion, of which more than 80% will be allocated to Guyana and the Bakken. Net production is forecast to average between 355,000 and 365,000 barrels of oil equivalent per day in 2023. Bakken net production is forecast to

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Hess eyeing more rigs for the Bakken in 2017

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by: Josh Wolsky  |  

Hess Corporation is bullish on the prospects in the Bakken, and the company is taking early steps to increase drilling in 2017. Though the slowdown has been hard on earnings, the company has positioned themselves well for the future by working towards lowering costs and increasing productivity out of completions. Both efforts have delivered notable

Read & Share   sourced from: Williston Herald