Hess raises production capital budget by 37% -Breaking
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© Reuters. The pumpjacks have been temporarily taken out of production while the new wells in North Dakota are drilled near Williston on November 12, 2014. REUTERS/Andrew Cullen/File Photo (Reuters) – Hess Corp (NYSE:) Tuesday saw a 37% increase in its production budget for 2022. This is as the company looks to concentrate on operations in Guyana, and the Bakken oil basin.
In 2022, the company will spend $2.6 Billion, with about 80% going to Guyana, and Bakken. This compares to $1.9 billion for 2021.
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