Bakken Production Surge Boosts Hess Quarterly Profit

"We've tried some of these more expensive completion designs, but thus far none have proven to be economically superior to our methodology," Greg Hill, the Hess president, told investors.

Production in Libya, which has been marred by violence in recent years, is slowly returning, and Hess said production averaged 4,000 boe/d during the quarter.

Shares of Hess rose 1.7 percent to $83.31 in Wednesday trading.

(Reporting by Ernest Scheyder Editing by W Simon and JS Benkoe)


123

View Full Article

WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Most Popular Articles