Hess Announces Gulf of Mexico Oil Discovery and Plans for Tie Back to Tubular Bells Production Facilities
Hess Corporation Logo header
SEARCH

Hess Announces Gulf of Mexico Oil Discovery and Plans for Tie Back to Tubular Bells Production Facilities

  • TBells
10.29.2019

Hess Corporation today announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico.

Esox-1 was drilled in 4,609 feet (1,405 meters) of water and encountered approximately 191 net feet (58 meters) of high quality oil bearing Miocene reservoirs. Esox-1 is located approximately 6 miles (10 kilometers) east of the Tubular Bells production facilities.

“We are delighted with the success of the Esox well, which demonstrates the value of our infrastructure led exploration program in the deepwater Gulf of Mexico,” CEO  John Hess  said. “We expect the well to be producing in the first quarter of 2020. As a low cost tieback to existing infrastructure, Esox should generate strong financial returns.”

Hess Corporation is operator and holds 57.14% interest in Esox; Chevron U.S.A. Inc. holds 42.86% interest.

Full story

Related News
  • Hess Schedules Q1 2021 Earnings Release Conference Call

    Hess announced that it will hold a conference call on Wednesday, April 28, 2021 at 10 a.m. Eastern Time to discuss its first quarter 2021 earnings release.
    Full story
  • Hess Announces Sale of Non Strategic Interests in Bakken Acreage

    Hess announced today that it has entered into an agreement to sell its Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota to Enerplus Corporation for a total consideration of $312 million, effective March 1, 2021.
    Full story
  • Hess to Participate in 49th Annual Scotia Howard Weil Energy Conference

    Hess announced today that John Hess, Chief Executive Officer, will speak at the 49th Annual Scotia Howard Weil Energy Conference on March 23, 2021 at 10:00 a.m. Eastern Time.
    Full story