The Rising Influence of Rising Affluence

[DewDiligence]

Re: HES’ lifting costs (from 3Q18 CC transcript)

https://finance.yahoo.com/news/edited-transcript-hes-earnings-conference-021004685.html

Full year 2018 cash costs are expected to be $12.50 to $13.50 per barrel of oil equivalent, which is down from previous guidance of $13 to $14 per barrel of oil equivalent.

…full year DD&A expense is projected to be $17 to $18 per barrel of oil equivalent, which is down from previous guidance of $18 to $19 per barrel of oil equivalent. These results have projected total E&P unit operating costs, excluding Libya, of $30.50 to $32.50 per barrel of oil equivalent for the fourth quarter and $29.50 to $31.50 per barrel of oil equivalent for the full year of 2018.