Hess Corp.
About
Hess is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. We are a leading shale oil and gas producer, a leader in deepwater development and production and a focused, high impact explorer. Our high-graded, focused portfolio includes offshore Guyana, deepwater Gulf of Mexico, the Bakken shale in North Dakota and Malaysia. Formerly Amerada Hess Corp.
Editor's note: Updated July 16, 2019.
Transactions
Hess Completes Libya Asset Sale to TotalEnergies, ConocoPhillips
Hess Completes Libya Asset Sale to TotalEnergies, ConocoPhillips
Hess Completes Libya Asset Sale to TotalEnergies, ConocoPhillips
Hess Completes Libya Asset Sale to TotalEnergies, ConocoPhillips
INEOS Acquires Hess Upstream Business in Denmark for $150 Million
INEOS Acquires Hess Upstream Business in Denmark for $150 Million
Hess Grows Offshore Guyana Holdings Through Farm-in Deal
Hess Grows Offshore Guyana Holdings Through Farm-in Deal
Hess Sells Bakken Acreage in $312 Million Deal to Enerplus
Hess Sells Bakken Acreage in $312 Million Deal to Enerplus
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New Financings
Purchased $500 million of common stock through an accelerated stock repurchase program and $500 million…
Hess Corp. will redeem all of its 8.125% notes due February 15, 2019, of which $349.6 million aggregate…
Priced public offering of 25 million common shares priced at $39 each. Underwriters will have a monthlong…
Concurrent with common share offering, priced public offering of 10 million depositary shares at $50 each…
Plans to offer 5.6% senior notes due 2041 to fund the acquisition of Total SA's 7.85% interest in…
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News
Hess Joins Exxon, Equinor in Exit from Suriname’s Offshore Block 59
Hess relinquished the block to state-owned Staatsolie, following the withdrawal and transfer of participation stakes by partners Exxon Mobil and Equinor in 2024 to Hess.
Forget Type Curves: Novi’s AI Offers Window into Undrilled Wells
After raising $35 million from Invictus, energy-focused AI developer Novi Labs expects to launch its unique machine learning platform into other energy sectors outside of oil and gas— and possibly buy a company or two while it’s at it.
Exxon Returns Some Stabroek Acreage to Guyana, Government Says
An Exxon Mobil-led oil consortium has returned 2,534 square kilometers of the Stabroek Block in Guyana back to the government.
M&A Experts: Expect Brisk Return to Deal Flow in Second Half
Private equity firms are loaded for “pent-up” portfolio rationalization after rampant industry consolidation, particularly in the Permian—but the timing is anyone’s guess.
After 25 Years, E&Ps Sustain Bakken Oil’s Long Plateau
The first stimulated horizontal middle Bakken well came online 25 years ago, proving horizontal drilling and fracking could unlock vast oil reserves. What began as a modest experiment in a remote Montana field reshaped the future of U.S. oil production.
Exxon-Led Consortium's 2024 Profit in Guyana Rose 64% to $10.4B
The profit of a consortium by oil producers Exxon Mobil, Hess and CNOOC in Guyana increased 64% last year to $10.4 billion, Exxon said on June 3, amid facility updates that allowed a sustained expansion of output.
Blackrock’s GIP Completes Investment Exit from Hess Midstream
Global Infrastructure Partners exited its position in Hess Midstream after the closing of a public offering on May 30.
Chevron Confirms 200 Permian Layoffs—Not 800
Chevron has confirmed the Texas Workforce Commission mistakenly reported the number of layoffs in Midland as 800.
Continental Suit Alleges Hess Defrauded it Out of $69MM
Continental Resources alleges that it was paid below market value for non-operated interests it held in Hess Corp. wells in the Bakken.
Dividends Declared the Week of May 12
Here is a compilation of dividends declared during the week of May 12 from select upstream, midstream and service and supply companies including Hess Corp, Diversified Energy and South Bow.
Hamm: Continental Won’t Rule Out a Merger, But Don’t Count on it
Continental Resources Founder Harold Hamm said Hess Corp.’s Bakken property is interesting, as well as property held by BP Plc’s Lower 48 E&P unit BPX Energy.
Trauber: Shell-BP Merger Would Make “A Lot of Sense”
BP’s U.S. shale operations include the Permian, Eagle Ford and Haynesville. The next wave of oil and gas consolidation may include mergers between the majors, veteran M&A insider Stephen Trauber of Moelis tells Hart Energy.
Bakken Beast: Chord Plans Seven More 4-Mile Bakken Wells in ‘25
Chord Energy has drilled three 4-mile laterals in the middle Bakken and is closely tracking results from the first now online. Seven more are planned for the rest of this year.
Hess Dishes on First 4-Mile Bakken Wells in North Dakota
Hess Corp. landed its first 4-mile laterals in North Dakota’s Bakken Shale in February, part of a broader “shale evolution” underway in the Williston Basin, the company said.
FTC May Reconsider Hess, Sheffield Bans on Holding Board Seats
The Federal Trade Commission has announced it is seeking comment on potentially rescinding bans on Pioneer Natural Resources’ Scott Sheffield and Hess Corp.’s John Hess from serving on the boards of companies that acquired their E&Ps.