Hess Corp. (HES) Announces 2022 E&P Capital and Exploratory Budget
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Hess Announces 2022 E&P Capital and Exploratory Budget
January 25, 2022 8:00 AM ESTMajority Allocated to World Class Guyana Developments and Bakken Three Rig Program
NEW YORK--(BUSINESS WIRE)-- Hess Corporation (NYSE: HES) today announced a 2022 Exploration & Production capital and exploratory budget of $2.6 billion, of which approximately 80% will be allocated to Guyana and the Bakken.
Net production is forecast to average between 330,000 and 340,000 barrels of oil equivalent per day in 2022, excluding Libya. Bakken net production is forecast to average between 165,000 and 170,000 barrels of oil equivalent per day in 2022.
Our capital program reflects our continued discipline in investing in high return, low cost... More
