Hess Completes Acquisition of Additional Bakken Acreage

abarrelfull wrote on 29 Dec 2010 14:16
Tags: bakken deals hess usa

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Hess Corporation (NYSE: HES) announced today that is has completed the acquisition of 167,000 net acres in the Bakken oil shale play in North Dakota from TRZ Energy, LLC for $1,050 million in cash. The acquired properties are located near Hess' existing acreage and have current net production of approximately 4,400 boe/d.

Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. More information on Hess Corporation is available at www.hess.com.

• Hess Completes Acquisition of Additional Bakken Acreage

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