Hess 2011 Annual Report Download - page 35
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Gross and net undeveloped acreage at December 31, 2011
Undeveloped
Acreage (a)
Gross Net
(In thousands)
UnitedStates ...................................................... 2,902 2,038
Europe(b) ........................................................ 2,651 1,266
Africa............................................................ 8,009 4,625
Asiaandother ..................................................... 11,250 6,960
Total(c)........................................................ 24,812 14,889
(a) Includes acreage held under production sharing contracts.
(b) Gross and net undeveloped acreage in Norway was 841 thousand and 132 thousand, respectively.
(c) Licenses covering approximately 29% of the Corporation’s net undeveloped acreage held at December 31, 2011 are scheduled to expire
during the next three years pending the results of exploration activities. These scheduled expirations are largely in Asia, South America
and the United States.
Gross and net developed acreage and productive wells at December 31, 2011
Developed
Acreage
Applicable to
Productive Wells
Productive Wells (a)
Oil Gas
Gross Net Gross Net Gross Net
(In thousands)
UnitedStates ......................... 972 684 1,446 730 65 51
Europe(b)............................ 1,015 787 282 189 21 2
Africa ............................... 9,832 933 903 130 — —
Asia................................. 2,200 630 80 10 461 102
Total .............................. 14,019 3,034 2,711 1,059 547 155
(a) Includes multiple completion wells (wells producing from different formations in the same bore hole) totaling 28 gross wells and 19 net
wells.
(b) Gross and net developed acreage in Norway was 132 thousand and 43 thousand, respectively. Gross and net productive oil wells in
Norway were 44 and 29, respectively. Gross and net productive gas wells in Norway were 9 and 1, respectively.
Number of net exploratory and development wells drilled at December 31
Net Exploratory
Wells
Net Development
Wells
2011 2010 2009 2011 2010 2009
Productive wells
UnitedStates .............................. 20 — — 98 83 44
Europe ................................... 61 7 25 18 12
Africa .................................... 11 1 111 23
Asiaandother ............................. 46 8 18 7 12
31 816142 119 91
Dry holes
UnitedStates .............................. —5 4 —— —
Europe ................................... 2— — —— —
Africa .................................... 12 — —1 —
Asiaandother ............................. 12 2 —— —
496—1—
Total ................................... 35 17 22 142 120 91
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