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BS - Hess Highlights - November 5, 2019
Hess’ Bakken operations are meeting and in some cases exceeding its expectations. Production in Q3 averaged 163,000 boe/d, up 38% YOY, and the company is raising its full-year 2019 guidance for the play to 150,000 boe/d from 140,000- 145,000 boe/d. The shift to plugand-perf completions is proving very successful, generating an “expected uplift in initial production rates, in estimated ultimate recovery, and most importantly, in value,” CEO John Hess said during an Oct. 31......
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