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Hess Corp (HES)

HES on New York Consolidated

52.81USD
25 Jul 2016
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Latest Key Developments (Source: Significant Developments)

North Dakota oil production drops in April; largest in history
Wednesday, 15 Jun 2016 11:47am EDT 

: North Dakota oil regulator says April production drop was largest monthly slip in state history . North Dakota oil regulator blames low prices, weather and road restrictions for April output decline . North Dakota oil regulator says zero drilling rigs operating today in Williams County . North Dakota oil regulator says state output could fall below 1 million barrels per day before end of year .North Dakota oil regulator says producers 'really making progress' on capturing natural gas, reducing flaring.  Full Article

Hess sets regular quarterly dividend of $0.25 per share
Wednesday, 1 Jun 2016 05:18pm EDT 

Hess Corp : Sets regular quarterly dividend of $0.25per share .Hess announces regular quarterly dividend on common stock.  Full Article

Hess Corp - Lawsuits over New York City heating oil quality are revived - Reuters News
Tuesday, 15 Mar 2016 02:12pm EDT 

Hess Corp:A New York state appeals court on Tuesday revived two lawsuits accusing Hess Corp and Castle Oil Corp of cheating building owners by selling adulterated heating oil - RTRS.The Appellate Division in Manhattan ruled unanimously that a lower court judge erred in dismissing claims that the defendants from 2009 to 2013 blended "waste oil" into the higher-grade heating oil that residential and commercial building owners in and around New York City had contracted to buy.The plaintiffs, who sought class action status on behalf of thousands of building owners in New York City, Westchester County and Long Island, said the blending caused their heating systems to be less efficient, requiring some to buy more oil.Justice David Saxe rejected defense arguments that public policy might encourage the use of adulterated oil as fuel, and that the owners waited too long to pursue some of their claims.He said the plaintiffs can pursue damages claims for breach of contract and breach of warranty "since we must infer from the complaint that plaintiffs received nonconforming oil deliveries of lesser value than those they contracted and paid for.Tuesday's 4-0 decision reversed the September 2014 dismissals of both lawsuits by state Supreme Court Justice Shirley Werner Kornreich in Manhattan. Sprague Resources LP SRLP.N bought Castle assets in December 2014.A lawyer for Castle declined to comment. Hess and its law firm did not immediately respond to requests for comment.  Full Article

Hess Corp announces changes to board of directors
Wednesday, 2 Mar 2016 04:15pm EST 

Hess Corp:Announces changes to board of directors.Chairman Mark Williams retires.Says director James Quigley named chairman.Director James Quigley named chairman.James Quigley, former chief executive officer of deloitte and current director of Hess, been named by board to succeed Williams.  Full Article

Hess Announces Regular Quarterly Dividend On Common Stock
Wednesday, 2 Dec 2015 04:45pm EST 

Hess Corporation:declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 31, 2015 to holders of record at the close of business on December 17, 2015.  Full Article

Hess Corp declares regular quarterly dividend
Wednesday, 9 Sep 2015 04:45pm EDT 

Hess Corp:Declares regular quarterly dividend of 25 cents per share.Payable on the common stock of the corporation on Sept. 30 to holders of record at the close of business on Sept. 21.  Full Article

Hess Corp completes sale, establishes bakken midstream joint venture valued at $5.35 billion
Wednesday, 1 Jul 2015 12:00pm EDT 

Hess Corp:Completes previously announced sale of a 50 percent interest in Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 billion.Says As planned, Hess and Global Infrastructure Partners have created a premier midstream joint venture -- Hess Infrastructure Partners.Says joint venture has incurred $600 million of debt through a 5-year Term Loan A facility with proceeds distributed equally to both partners, resulting in total after-tax cash proceeds net to Hess of $3.0 billion.In addition, the joint venture has independent access to capital including a fully committed $400 million 5-year Senior Revolving Credit Facility.Joint venture plans to proceed with an initial public offering of Hess Midstream Partners LP common units.  Full Article

Hess Corp declares regular quarterly dividend
Wednesday, 3 Jun 2015 05:31pm EDT 

Hess Corp:Declares regular quarterly dividend of 25 cents per share.Payable on common stock on June 30 to holders of record at close of business on June 16.  Full Article

Hess Corp declares regular quarterly dividend
Thursday, 5 Mar 2015 03:45am EST 

Hess Corp:Declares a regular quarterly dividend of 25 cents per share.Payable on March 31, to holders of record at the close of business on March 19.  Full Article

Hess Corporation gives FY 2015 production guidance - Conference Call
Wednesday, 28 Jan 2015 10:00am EST 

Hess Corporation:Forecasts FY 2015 production to average between 350,000 and 360,000 barrels of oil equivalent per day, excluding Libya.  Full Article

BRIEF-Hess encouraged by favorable results of 2nd well offshore Guyana

* Announced positive results from Liza-2 exploration well in Stabroek Block offshore Guyana