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Hess Corp (HES)

HES on New York Consolidated

49.76USD
29 Mar 2017
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$2.31 (+4.87%)
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Latest Key Developments (Source: Significant Developments)

Wood Group secures new contract with Hess in Malaysia
Tuesday, 31 Jan 2017 02:13am EST 

John Wood Group Plc : Wood Group secures new contract with Hess in Malaysia .Delivered by Wood Group's Kuala Lumpur office, contract will support up to 130 new full-time positions in Malaysia.  Full Article

Hess forecasts Q1 Bakken production of 90,000 to 95,000 boe/d
Wednesday, 25 Jan 2017 10:38am EST 

Hess Corp : Chief Executive John Hess says expects oil prices to rise this year and into 2018 . CEO says sees continued strong demand for oil . CEO says will triple Bakken rig count this year to six . CEO says could sanction Liza spending this year, with production online by 2020 . CEO says stampede project in U.S. Gulf of Mexico remains on schedule to deliver first oil in 2018 . Says production from Libya remains 'highly uncertain' and won't include in forecast . Says will drill 80 Bakken wells this year, bring 75 of those online .Forecasts Q1 Bakken production of 90,000 to 95,000 boe/d.  Full Article

Hess reports Q4 loss $15.65/shr
Wednesday, 25 Jan 2017 08:14am EST 

Hess Corp : Hess reports estimated results for the fourth quarter of 2016 . Hess Corp - E&P capital and exploratory expenditures are expected to be $2.25 bln, up from $1.9 bln in 2016 . Hess Corp qtrly oil and gas production was 311,000 barrels of oil equivalent per day (boepd) compared to 368,000 boepd in Q4 of 2015 . Hess Corp - qtrly shr loss $15.65 . Hess Corp says qtrly total revenues and non-operating income $1,386 mln vs $1,387 mln in Q4 2015 . Hess Corp qtrly net production from bakken decreased approximately 13 percent to 95,000 boepd from prior-year quarter . Hess Corp says Q4 2016 results include a noncash accounting charge of $3,749 mln on deferred tax assets . Hess Corp qtrly net production from Gulf of Mexico was 61,000 boepd compared to 73,000 boepd in prior-year quarter . Hess Corp sees 2017 oil and gas production excluding Libya to be 300,000 to 310,000 boepd compared to full year 2016 net production of 321,000 boepd . Hess - Q4 results also include an after-tax charge of $693 mln to impair equus natural gas project . Hess - two offshore developments at North Malay basin in Gulf of Thailand and stampede in Gulf of Mexico are on track to come online in 2017 and 2018 .Hess Corp Q4 shr view $-1.09 -- THOMSON REUTERS I/B/E/S.  Full Article

Hess Corp calls outstanding notes due in 2017 for redemption
Wednesday, 28 Sep 2016 04:28pm EDT 

Hess Corp : Hess corporation calls outstanding notes due in 2017 for redemption . Notes will be redeemed on october 28, 2016 . Will redeem all of its outstanding 1.300% notes due june 15, 2017 .Intends to use proceeds from recent note offering to fund redemption of notes.  Full Article

Hess Corp announces pricing of offer to purchase notes due in 2019
Friday, 23 Sep 2016 02:46pm EDT 

Hess Corp : Hess corporation announces pricing of offer to purchase notes due in 2019 . Upon consummation of offer, will pay total consideration of $1,154.64 for each $1,000 principal amount of notes tendered and accepted for payment .Announced consideration to be paid in previously announced cash tender offer for any and all of its outstanding 8.125% notes due 2019.  Full Article

Exxon, Chevron, Hess said to be in joint bid for Mexican oil- Bloomberg, citing sources
Thursday, 18 Aug 2016 08:15pm EDT 

: Exxon, Chevron, Hess said to be in joint bid for Mexican oil- Bloomberg, citing sources .Exxon, Chevron, Hess have reached joint operating agreement, allowing them to bid to produce oil in 10 areas up for auction- Bloomberg, citing sources.  Full Article

Hess CEO says believes the global oil market is rebalancing
Wednesday, 27 Jul 2016 11:25am EDT 

Hess Corp : Chief Executive John Hess says plans to reduce drilling rigs in Bakken from three to two by august . Says Schlumberger NV was vendor who provided faulty valve on Tubular Bells project . Says pursuing legal action against Schlumberger NV for remediation costs, attorney fees and lost profit due to idle time at Tubular Bells project . CEO says believes the global oil market is rebalancing . CEO says remains committeed to ipo of Bakken JV, but will wait for financial markets to improve .CEO says valve failure at Tubular Bells project in U.S. Gulf Of Mexico will harm 2017 production outlook.  Full Article

Hess Corp posts Q2 adjusted loss per share $1.10
Wednesday, 27 Jul 2016 07:30am EDT 

Hess Corp : Hess reports estimated results for the second quarter of 2016 . Continued to cut costs, now sees FY 2016 E&P capital and exploratory expenditure to be about 48 percent below 2015 . Q2 adjusted loss per share $1.10 . E&P capital and exploratory expenditures are projected to be $2.1 billion for 2016 . 2016 net production is forecast to be in range of 315,000 to 325,000 boepd, excluding Libya . Net production from Bakken was 106,000 boepd compared to 119,000 boepd in prior-year quarter due to a reduced drilling program . Qtrly net production from Gulf of Mexico was 54,000 boepd compared to 84,000 boepd in prior-year quarter . Qtrly total revenue and non-operating income $1.27 billion versus $1.94 billion . Net production in Q2 of 2016 was 313,000 boepd compared to pro forma net production, which excludes assets sold, of 386,000 boepd in Q2 of 2015 .Hess Corp says for full year 2016, net production is projected to be 315,000 boepd to 325,000 boepd.  Full Article

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

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