Hess’ faith in Bakken paying offProduction jumps from 25,000 bpd of oil equivalent to 55,000; well costs falling; spending up from $2 billion to $3 billion By Kay Cashman Petroleum News Bakken
Hess Corp. is increasing spending on drilling and infrastructure projects in North Dakota’s Bakken play this year despite the recent fall in world crude prices.
The New York-based company bumped its 2012 capital budget from $2 billion to $3 billion, stepping up drilling in areas where Hess has a....
[additional news subjects in this story]
Bakken well costs coming down Infrastructure spending on slow downward curve $8.9 million per well in Eagle Ford Early days in Bakken development
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