Tag Archives: John Hess

Hess announces Bakken Midstream joint venture valued at $5.35 Billion

Hess Corporation (NYSE: HES) announced on June 11, 2015 that it has agreed to sell a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners, a leading global infrastructure investor with an extensive midstream energy investment track record, for cash consideration of $2.675 billion. Hess and Global…

Hess Corporation Announces 2014 Capital and Exploratory Budget

Hess Corporation (NYSE:HES) announced today a 2014 Exploration and Production capital and exploratory budget of $5.8 billion. Of this, $2.85 billion (49 percent) is dedicated to unconventional shale resources, with $1.475 billion (25 percent) for production, $925 million (16 percent) for developments and $550 million (10 percent) for exploration. by