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HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES
SUPPLEMENTARY OIL AND GAS DATA
(Unaudited)
The supplementary oil and gas data that follows is presented in accordance with FAS 69, Disclosures about Oil
and Gas Producing Activities, and includes (1) costs incurred, capitalized costs and results of operations relating to
oil and gas producing activities, (2) net proved oil and gas reserves, and (3) a standardized measure of discounted
future net cash flows relating to proved oil and gas reserves, including a reconciliation of changes therein.
The Corporation produces crude oil, natural gas liquids and/or natural gas principally in Algeria, Azerbaijan,
Denmark, Equatorial Guinea, Gabon, Indonesia, Libya, Malaysia, Norway, Russia, Thailand, the United Kingdom
and the United States. Exploration activities are also conducted, or are planned, in additional countries.
Costs Incurred in Oil and Gas Producing Activities
For the Years Ended December 31 Total
United
States Europe Africa
Asia and
Other
(Millions of dollars)
2008
Property acquisitions
Unproved ............................. $ 684 $ 642 $ — $ — $ 42
Proved* .............................. 300 87 — 210 3
Exploration .............................. 1,134 408 121 275 330
Production and development capital
expenditures** ......................... 2,867 1,042 881 451 493
2007
Property acquisitions
Unproved ............................. $ 325 $ 316 $ — $ 1 $ 8
Proved* .............................. 137 137 — — —
Exploration .............................. 719 421 65 77 156
Production and development capital
expenditures** ......................... 2,751 690 764 698 599
2006
Property acquisitions
Unproved ............................. $ 607 $ 86 $ 32 $ 483 $ 6
Proved* .............................. 314 — 8 306 —
Exploration .............................. 802 544 92 57 109
Production and development capital
expenditures** ......................... 2,462 329 644 1,080 409
* Includes wells, equipment and facilities acquired with proved reserves.
** Also includes $344 million, $146 million and $298 million in 2008, 2007 and 2006, respectively, related to the accruals for asset retirement
obligations.
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