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    Home » Hess points to higher E&P budget for 2019

    Hess points to higher E&P budget for 2019

    November 1, 2018
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    Hess operations offshore Ghana

    01 November 2018, News Wires — U.S. oil and gas producer Hess Corp said on Wednesday its exploration and production budget in 2019 would be closer to $3 billion.

    The company said it expects capital expenditure to average about $3 billion through 2025, up from its current-year forecast of $2.1 billion.

    Chief Financial Officer John Rielly also said, on a call with analysts, the company plans to bring 50 percent more wells online in its Bakken oilfield in 2019, compared to 2018.

    • Reuters

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