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

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

  • Seminole_newsroomphoto
07.05.2017
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 

SHARE ARTICLE:
Related News

  • Hess Achieves First 4-Mile Lateral Wells in ND

    In early February, Hess brought online two 4-mile lateral wells in North Dakota. These were the first 4-mile laterals drilled in the state and represent a technical and strategic achievement with a number of benefits.
    Full story

  • 500 Million Barrels of Oil Produced from Guyana’s Stabroek Block

    Guyana’s Stabroek Block reached a significant production milestone this week – 500 million barrels of oil produced less than five years after Guyana became an oil-producing nation.
    Full story

  • Guyana’s President Discusses National Healthcare Vision in Panel Session with Mount Sinai Health System and Hess

    Guyana’s progress in building a model national healthcare system was the focus of a recent panel discussion at the Concordia Annual Summit in New York City.
    Full story
Return to top