Company
Hess Reports Estimated Results for the Third Quarter of 2022
“We continue to successfully execute our strategy and deliver strong operational and ESG performance,” CEO John Hess said. “We offer a unique value proposition – to grow both our intrinsic value and our cash returns by increasing our resource base, delivering a lower cost of supply and generating industry leading cash flow growth."
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Exploration
Hess Announces Two More Discoveries Offshore Guyana
Hess announced two new discoveries at the Yarrow-1 and Sailfin-1 wells on the Stabroek Block offshore Guyana. The discoveries, which are the eighth and ninth this year, will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 11 billion barrels of oil equivalent.
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Offshore
Top Quartile Operating Capabilities
Hess is a leader in deepwater development and production, with top quartile performance in offshore drilling and project delivery. We are one of the largest gross operated deepwater producers in the Gulf of America and also have offshore assets in Asia Pacific and South America.
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Onshore
Hess Positioned to Capture Significant Value Uplift in the Bakken
Hess is a leading producer with premier acreage and an advantaged infrastructure position in the core of North Dakota’s Bakken shale formation. We have an inventory of high return drilling locations and a proven track record of asset optimization, cost reduction and value creation.
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