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

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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.

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