Hess Corp. (HES) Announces 2021 E&P Capital and Exploratory Budget
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Hess Announces 2021 E&P Capital and Exploratory Budget
January 25, 2021 8:01 AM ESTMajority Allocated to World Class Guyana Developments and Bakken Two Rig Program
NEW YORK--(BUSINESS WIRE)-- Hess Corporation (NYSE: HES) today announced a 2021 Exploration & Production capital and exploratory budget of $1.9 billion, of which more than 80% will be allocated to Guyana and the Bakken.
Net production is forecast to average approximately 310,000 barrels of oil equivalent per day in 2021, excluding Libya. Bakken net production is forecast to average approximately 170,000 barrels of oil equivalent per day in 2021. This forecast includes the impact of operating a two rig program beginning in the first... More
