InvestorsHub Logo

mopnupn2010

11/23/10 3:17 PM

#19452 RE: fAtnhapy #19451

Is this the same oil field?

Hess Acquires Additional Bakken AcreageTuesday, November 23, 2010

Hess Corporation has agreed to acquire 167,000 net acres in the Bakken oil shale play in North Dakota from TRZ Energy, LLC for $1,050 million in cash.

The properties being acquired are located near Hess' existing acreage and have current net production of approximately 4,400 boe/d.

"This acquisition strengthens our leading land position in the Bakken, leverages our operating capabilities and infrastructure and will contribute to future reserve and production growth," said Greg Hill, President of Worldwide Exploration and Production at Hess.

The transaction has an effective date of October 1, 2010 and is expected to close by December 28, 2010.


miles2000

11/23/10 3:43 PM

#19455 RE: fAtnhapy #19451

I never stopped, mgmt did
threathen me with lawsuits..
if I continue, some kind of
Florida internet posting law?

Not to worried, just telling the
truth, that I have to back it up.