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Tag Archives: hess corporation

Williston Basin Petroleum Conference announces keynotes, speaker line-up

The Williston Basin Petroleum Conference, the largest oil and gas conference focused on the Williston Basin and the Bakken,  announced its keynotes and headlining speakers. The conference will be held May 22-24, 2018 at the Bismarck Event Center in Bismarck, ND. The WBPC will feature a lineup of more than 40 speakers and presenters, each sharing their insights on the ...

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Hess employee sent to prison for $1M fraud

HOUSTON — An employee of Hess Corporation has been sentenced to just more than a year in prison for running up more than $1 million in unauthorized charges to a company credit card. Monica Causgrove of Lafayette, Louisiana, was sentenced during a court hearing in Houston federal court on Monday. Causgrove was also ordered to pay more than $1 million ...

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Hess cuts Bakken operated rigs, budget

Hess Corporation recently announced that the New York-based company is reducing its 2015 capital and exploratory budget and will cut the number of rigs operating in the Bakken formation by nearly half. The company plans to spend $4.7 billion this year, down 16 percent from the $5.6 billion spent last year. Of the total expenditures, $2.1 billion will be devoted ...

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320 barrels of brine released, contained near Tioga

BISMARCK, N.D. — The state oil authorities say all but five barrels of brine have been cleaned up from a spill that occurred near Tioga this weekend. The North Dakota Oil and Gas Division says the Hess Corporation reported on Saturday that 320 barrels of brine were released and contained at the BLDU central tank facility in Williams County. Brine ...

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Enbridge bringing new pipeline to Gulf of Mexico

A crude oil pipeline is coming to the Gulf of Mexico, courtesy of Enbridge Inc. The company announced yesterday that it will construct a pipeline connecting Hess Corporation’s Stampede development to a third-party pipeline system. Enbridge will retain ownership and operation of the pipeline, which is expected to be operational by 2018. The new Stampede lateral pipeline will cost approximately ...

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Bakken rigs slow as prices drop

On Monday the price of oil per barrel dipped to around $50, a five year low, causing stock prices to plunge and bringing new focus on how oil companies operating in the Bakken formation will respond. The Bismarck Tribune reports that crude slated for delivery in February was listed on the New York Mercantile Exchange at $50.35 on Monday. Also ...

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Hess Corp. announces $5 million donation to UND


The Grand Forks Herald UND received a $7.5 million donation Thursday to fund the building of a Collaborative Energy Complex for the College of Engineering and Mines. The Hess Corporation, a New York City-based integrated oil and natural gas company, donated $5 million. The state gave an additional $2.5 million from the North Dakota Higher Education Challenge Fund, which was ...

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Hess proving to be a big player in the Bakken


While it might only be the third-largest driller in North Dakota, Hess (NYSE: HES)  has drilled 18 of the 50 top producing wells in the Bakken region over the past two years. The company is focusing on three areas to drive its overall Bakken performance: well costs, productivity, and price realization. This should enable the company to deliver superior returns. Looking ...

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