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Tag Archives: hess

Feds: Crude oil shipments from North Dakota’s Bakken region found to be improperly classified

oil rig

By Joan Lowy, The Associated Press WASHINGTON – Federal transportation officials say investigators found crude oil being transported from North Dakota’s Bakken region was misclassified in 11 out of 18 truck shipments tested. The Pipeline and Hazardous Materials Safety Administration said Tuesday it proposed fining three companies involved in the shipments a total of $93,000. The trucks were taking oil ...

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Hess proving to be a big player in the Bakken

Hess

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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