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

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

  • Elephant Hunt: The Search for the Oil and Gas Supplies to 2050

    While many expect oil and natural gas to retain their roles in the energy mix of 2050, the more significant question should not only be on how much oil and gas will be needed but from where the world will find it.
    Full story

  • Three Hess Board Members Named to WomenInc. Magazine’s List of Most Influential Corporate Directors

    WomenInc. Magazine recently announced its 2023 Most Influential Corporate Directors and included three members of Hess Corporation’s Board of Directors.
    Full story

  • Hess Named Explorer of the Year

    Hess was named E&P Explorer of the Year in a 15th annual Wood Mackenzie exploration industry survey announced June 2023. It is the second consecutive year that Hess has earned the distinction.
    Full story
Return to top