Hess Corp. (HES) Misses Q4 EPS by 18c, Revenues Beat
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Hess Corp. (HES) Announces 2020 E&P Capital and Exploratory Budget
January 28, 2020 8:03 AM ESTHess Corporation (NYSE: HES) today announced a 2020 Exploration & Production capital and exploratory budget of $3.0 billion, of which more than 80% will be allocated to high return investments in Guyana and the Bakken.
Net production is forecast to average between 330,000 and 335,000 barrels of oil equivalent per day in 2020, excluding Libya. Bakken net production is forecast to average approximately 180,000 barrels of oil equivalent per day in 2020.
We continue to successfully execute our long term strategy, with the majority of our capital budget directed to Guyana and the Bakken -- two of the highest return investment... More
Hess Corp. (HES) Announces Oil Discovery at Uaru, Offshore Guyana
January 27, 2020 8:08 AM ESTHess Corporation (NYSE: HES) today announced another oil discovery offshore Guyana at the Uaru well, the 16th discovery on the Stabroek Block. The company also announced an increase in the estimated gross discovered recoverable resources for the block to more than 8 billion barrels of oil equivalent, up from the previous estimate of 6 billion barrels of oil equivalent.
The new recoverable resources estimate includes 15 discoveries offshore Guyana through yearend 2019. The Uaru discovery is the first of 2020 and will be added to the resources estimate at a later date.
Uaru encountered approximately 94 feet (29... More
