Hess Corp - Company Profile
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Business Description
Hess Corp (Hess), a subsidiary of Chevron Corp, is an independent upstream oil and gas company. It carries out the exploration, production, purchase, transportation and sale of crude oil and natural gas. Its operations are largely concentrated in the Bakken shale play of North Dakota, the US.
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Business Segments
Overview
Explores for, develops and produces crude oil and natural gas. It has upstream activities in the US, Malaysia/Thailand Joint Development Area (JDA), and Malaysia. In the US, it operates in Bakken oil shale play in the Williston Basin of North Dakota and offshore properties in the Gulf of Mexico. In Asia, Hess owns 50% interest in Block A-18 of JDA in the Gulf of Thailand; and 50% interest in Blocks PM301 in Malaysia. The company also has interests in Guyana, Suriname and Canada.
Performance
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Overview
Provides fee-based services, including gathering, compressing and processing natural gas and fractionating natural gas liquids (NGLs); gathering, terminaling, loading and transporting crude oil and NGLs; and storing and terminaling propane and water handling services. Operates the Bakken shale play in the Williston Basin area of North Dakota. Its assets include Tioga Gas Plant, Mentor Storage Terminal, Ramberg Terminal Facility, Tioga Rail Terminal, Johnson’s Corner Header System and produced Water Gathering and Disposal.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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