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Hess Corporation
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2016 BAML Global Energy Conference
| John Hess | Page 9 of 11 |
November 21, 2024
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"2016 BAML Global Energy Conference"
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• Strategic / Portfolio Context - Industry leading acreage position in the core of the Middle Bakken and Three Forks - Top quartile well cost and productivity, delivering some of the highest returns in play - Advantaged infrastructure enhances netbacks • Asset Details - 577,000 net acres; Hess ~ 70% WI, operator - 2016 net production ~105 MBOED - Net Estimated Ultimate Recovery ~1.6 BBOE - ~2,850 future operated drilling locations - 30 Day IPs: 800 - 50 BOPD - Plan to operate 2 rigs in 4Q16 and to ramp activity as oil prices recover - 2016 Bakken E&P Capex: $450 MM One of the Best Positions in the Bakken Competitively advantaged with Lean manufacturing process Major contributor to future reserve and production growth New Town Keene Stanley Watford City Williston Kenmare Grassy Butte Killdeer Buelah Hess Acreage Tioga Rail Terminal 30 Miles Tioga Gas Plant Dickinson Tioga Dunn McKenzie Mountrail Williams Burke Billings Stark Mercer Divide