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Hess ramping up Bakken development in 2019
Hess is increasing its spending in the Bakken by nearly 60% next year as it positions the assets to become a significant growth engine in the years ahead. The company expects volumes from the play to rise ~70% to 200,000 boe/d by 2021 and free cash flow there after 2020 to exceed $1 billion annually at $60/ bbl WTI. In the year ahead, Bakken output is projected to grow to 135,000- 140,000 boe/d from an expected average of 115,000-120,000 boe/d......
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