Hess Corporation Turns to Bakken Shale as Production Booms, Expects to Cut Capex through 2016

SUGAR LAND--July 30, 2015-- Researched by Industrial Info Resources (Sugar Land, Texas)--Oil and gas exploration and production company Hess Corporation (NYSE:HES) (New York, New York) chalked up a net loss in second-quarter 2015 as commodity prices stayed in the doldrums. Nonetheless, the company boasted solid production numbers, with growth in the Bakken Shale and planned expansions in the Gulf of Mexico leading the way. Industrial Info is tracking $17 billion in active projects involving Hess, including almost $7 billion in the Bakken and the Gulf.

Within this article: Details on Hess' quarter and projects, including the construction of a platform and subsea installation in the Gulf of Mexico.