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Hess Corporation increases oil and gas production from success in U.S. Bakken, offshore Guyana
In its Q1 2024 financial report, Hess Corporation reported an increase in income and production, mostly due to operations offshore Guyana and in the U.S. Bakken shale region. Hess’ E&P net income was $997 million in Q1 2024, compared with $405 million in Q1 2023. Net production was 476,000 boed in Q1 2024, compared with 374,000 boed in the Q1 2023, primarily due to higher production in Guyana and the Bakken. In the second quarter of 2024, E&P net production is expected to be in the range of 465,000 boed to 475,000 boed, reflecting planned maintenance in the Gulf of Mexico partially offset by growth in the Bakken. ... (full story)