Hess Completes Sale of Utica Acreage
Hess Corporation Logo header
SEARCH

Hess Completes Sale of Utica Acreage

  • Ohio_cropped
08.31.2018

Hess today announced that it has completed the previously announced sale of its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1.

Proceeds from this transaction will be used to invest in the company’s higher return growth opportunities in Guyana and the Bakken and to fund the previously announced share repurchase program.

Full story
Related News
  • Hess Wins 2018 Platts Global Energy Award for ‘Remarkable Execution Skills’ on Stampede Project

    Hess won the 2018 Platts Global Energy Award for Construction Project of the Year for its Stampede project, a deepwater oil and gas development in the Gulf of Mexico. Judges said the project showcased the company’s “remarkable execution skills” and described Stampede as a “sound investment” that positions Hess for continued success.
    Full story
  • Hess to Host Investor Day

    Hess Corporation will hold an Investor Day on December 12, 2018 at 1:00 p.m. CT in Houston, TX. The meeting will feature presentations by CEO John Hess and other members of the Hess leadership team.
    Full story
  • Hess Announces Regular Quarterly Dividend On Common Stock

    The Board of Directors of Hess Corporation today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 31, 2018 to holders of record at the close of business on December 17, 2018.
    Full story