Hess 2014 Annual Report Download - page 6
Download and view the complete annual report
Please find page 6 of the 2014 Hess annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
 |
 |
4
Production
In 2014, net production averaged 329,000 barrels of
oil equivalent per day, compared with 336,000 barrels
of oil equivalent per day in 2013. The effect of asset
sales, civil unrest in Libya and natural declines were
partially offset by production growth in the Bakken and
Utica shale plays, the Llano Field in the deepwater Gulf
of Mexico and the Valhall Field offshore Norway.
Net production from the Bakken rose 24 percent to
83,000 barrels of oil equivalent per day in 2014 from
67,000 barrels of oil equivalent per day in 2013. During
2014, the Company operated 17 rigs and brought
online 238 new wells while continuing to invest in
infrastructure projects including the Tioga Gas Plant
expansion, which was operational at the end of the
rst quarter of 2014. The expanded Tioga Gas Plant
allows processing of up to 250 million cubic feet of
EXPLORATION
AND PRODUCTION