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CM - Hess Corp. budgets $3B for Bakken, Guyana & more growth - January 2020
Hess Corp. announced a $3 billion exploration and production capital budget for 2020. More than 80% of the allocations will be for “high return investments” in Guyana and the Bakken. Production activities will use $1.69 billion, or 56%, of the budget while $860 million, or 29%, will be spent for offshore Guyana development, and $450 million, or 15%, for exploration and appraisal activities. Hess will maintain a six-rig program in the Bakken through the......
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