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Tag Archives: John Hess

Sen. Heitkamp Speaks at Williston Economic Development Conference on Record U.S. Oil Exports

Heidi Heitkamp, methane rule

U.S. Senator Heidi Heitkamp addressed the Williston Economic Development Corporation’s conference with energy industry and community leaders from Midland, TX, to discuss issues in the oil and gas sector. She also talked about her work to successfully reach a deal to lift the 40 year-old ban on exporting domestic oil, which has led to record U.S. oil exports in recent ...

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Andover residents dig in against pipeline

ANDOVER — The anti-pipeline crowd at the Yachnin family’s home was warmed by more than the hardwood logs burning in the fireplace when David Yachnin announced the state Attorney General’s comments from earlier in the day. AG Maura Healey, citing an energy study her office commissioned last summer and released Wednesday said Massachusetts doesn’t need natural gas pipelines to meet ...

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Hess production grows, profit shrinks

Hess Corp.’s overall production in the second quarter increased by 23 percent to 391,000 barrels of oil equivalent per day (boe/d), thanks in part to the company’s substantial assets in the Bakken, reports Natural Gas Intelligence (NGI). During a conference call on Wednesday addressing quarterly results, Hess CEO John Hess said operations were affected by high expenses and low oil ...

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Hess experiments with tighter well spacing

Hess Corp.’s second quarter 2015 production saw about an 11,000 barrels-per-day increase over the first quarter and the company says the rise is due in part to bringing on a high number of new wells. President and Chief Operating Officer Gregory Hill told analysts on July 29 that Hess only wants about 25 to 30 wells at any given moment ...

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Hess finalizes billion dollar Bakken midstream deal

Hess Corp (NYSE: HES) has announced the completion of its previously announced $2.675 billion sale of a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners. The deal between the two companies created a premier midstream joint venture dubbed Hess Infrastructure Partners. The business venture, though, incurred $600 million of debt which, through a five-year term loan ...

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Hess Corp gives $15 million to University of Wyoming

LARAMIE, Wyo. — Energy firm Hess Corp. has donated $15 million to the University of Wyoming to bolster research into extracting hard-to-get oil and gas deposits. With the new donation, Hess has now invested a total of $25 million in UW since 2013. This makes Hess the single largest corporate partner in the university’s history. Gov. Matt Mead and UW ...

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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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