Hess Announces Sale of Enhanced Oil Recovery Assets in the Permian Basin
Hess Corporation Logo header
Menu
SEARCH

Hess Announces Sale of Enhanced Oil Recovery Assets in the Permian Basin

  • Seminole_newsroomphoto
07.05.2017
Hess Corporation has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation for a total consideration of $600 million, effective June 1, 2017. Proceeds from the sale will be used to fund the company’s strong growth opportunities.

Read more 

SHARE ARTICLE:
Related News

  • Llano-6 Well, Gulf of Mexico, Achieves First Production

    The Llano-6 well in the Gulf of Mexico delivered first production on August 4. The well is a tieback to Shell’s Auger facility.
    Full story

  • Government of Guyana Announces National Healthcare Initiative in Collaboration with the Mount Sinai Health System and Hess Corporation

    His Excellency Dr Irfaan Ali recently announced a national healthcare initiative in collaboration with the Mount Sinai Health System, an internationally recognized healthcare provider, and Hess Corporation to improve the quality of and access to healthcare for the people of Guyana.
    Full story

  • Hess Named to 100 Best Corporate Citizens List for 15th Consecutive Year

    Hess Corporation has once again been named to the 100 Best Corporate Citizens list, ranking No. 38 on the 2022 list for outstanding environmental, social and governance (ESG) transparency and performance.
    Full story
Return to top