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
