Hess Announces Sale of Enhanced Oil Recovery Assets in the Permian Basin
Hess Corporation Logo
SEARCH

Hess Announces Sale of Enhanced Oil Recovery Assets in the Permian Basin

  • Seminole_newsroomphoto
Hess Corporation has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation for a total consideration of $600 million, effective June 1, 2017. Proceeds from the sale will be used to fund the company’s strong growth opportunities.

Read more 

Latest Hess News
  • Hess Schedules Earnings Release Conference Call

    NEW YORK--(BUSINESS WIRE)--Jul. 5, 2017-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, July 26, 2017 at 10 a.m. Eastern Daylight Time to discuss its second quarter 2017 earnings release.
    Full story
  • Hess Sanctions Liza Phase 1 Development Offshore Guyana

    Hess has sanctioned the first phase of development of the Liza Field, one of the industry’s largest oil discoveries, located on the Stabroek Block offshore Guyana.
    Full story
  • In the Media: WSJ cites Hess as Part of Bakken Drilling Resurgence

    Drillers are inching back to action in North Dakota’s Bakken shale region, a sign of the recovery of the American oil and gas sector, writes the Wall Street Journal.
    Full story