Hess Corp. looking to sell more Utica assets
Thursday, October 22, 2015
Hess Corporation is looking to find buyers for its Utica Shale assets, according to Pittsburgh Post-Gazette PowerSource.
The exploration company is selling half of its stake in a joint venture with Consol Energy that was formed in 2011. In 2014, Hess sold over $1 billion worth of its Utica assets.
Hess currently has one rig operating in the Utica. The company’s net production for 2015 stands at 20,000 to 25,000 barrels of oil per day.
Via: Pittsburgh Post-Gazette PowerSource > Hess said to seek buyers for land in Utica Shale Basin
More about Hess and the Utica Shale:
- Hess Corp. to cut back on spending in Utica Shale this year Jan. 30, 2015
- Hess Corporation switches focus to Utica’s “wet gas” Aug. 8, 2014
- CONSOL and Hess to jointly develop Utica shale in Ohio Oct. 27, 2011
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