Hess Corporation is a publicly listed energy firm.
The American company was founded by Leon Hess in 1933. It was initially known as Hess Incorporated.
The oil and gas energy company has global operations. The independent energy firm focuses the development, production, exploration, purchase, sale and transportation of natural gas liquids, crude oil and natural gas.
The oil and gas producer is listed on the stock exchange of New York. Its stocks are traded under the symbol of ‘HES’.
The company claims to be a largest producer and operates in Gulf of Mexico. It also claims to be a key producers and suppliers of natural gas for Thailand and Peninsular Malaysia.
It is engaged in the exploration and development activities in offshore Guyana and participates in oil discoveries.
The portfolio focuses on generating high returns along with lower costs.
In 2018, the US-based company acquired interest in Kaieteur block, which is located 155 miles offshore and is adjacent to Stabroek.
The Kaieteur block is spread in 3.3 million acres and is equivalent to 580 deep water blocks in the Gulf of Mexico. The exploration operations include onshore, midstream and offshore.
Hess has an ownership interest of 47 per cent in the Hess Midstream LP that has high quality infrastructure asset in Bakken shale. The energy company also engages in operations like gas gathering and processing, terminaling, and water handling services.
Hess Corporation also engages in midstream services. The energy firm has access to various highest value markets for conducting operations in Bakken production.
The firm says that its midstream business helps supports the upstream growth.
The energy company says that infrastructure in Bakken acts as a competitive advantage for attracting third party volumes. It claims to have a growing and stable cash flow that is supported by fee based and long-term contracts.
The subsidiaries of the company are Hess Oil Virgin Island Corp, Hess Stampede LLC, Tioga Gas Plant INC, Hess Equatorial Guinea INC, Tioga Gas Plant Inc, and Hess Infrastructure Partners LP.
1185 Avenue of the Americas 40th Floor New York NY 10036 United States
212 997 8500