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NEW YORK--(BUSINESS WIRE)--Dec. 16, 2013--
Exploration and Production:
Worldwide realized selling prices for crude oil for the first two months of the fourth quarter of 2013 averaged
Fourth quarter 2013 production is now forecast to average 310,000 barrels of oil equivalent per day (boepd) versus our previous guidance of 320,000 boepd. The decrease reflects the earlier than expected close of the sale of our interest in the Natuna A Field in
Fourth quarter 2013 total unit costs (cash costs and depletion, depreciation and amortization expense) are expected to be in line with the previous guidance of
Returning Capital to Shareholders:
During the first two months of the fourth quarter of 2013, the company purchased approximately 9.1 million shares of common stock, bringing cumulative purchases through
Portfolio reshaping:
Thus far in the fourth quarter, Hess has closed the sale of its
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on
Forward-looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of
HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES EXPLORATION AND PRODUCTION SUPPLEMENTAL OPERATING DATA (UNAUDITED) | ||||
Fourth | ||||
Quarter | ||||
Through | Third | |||
November | Quarter | |||
2013 | 2013 | |||
Operating Data |
||||
Net Production Per Day (in thousands) |
||||
Crude oil – barrels | ||||
United States | 105 | 103 | ||
Europe | 38 | 38 | ||
Africa | 42 | 57 | ||
Asia | 9 | 9 | ||
Total | 194 | 207 | ||
Natural gas liquids – barrels | ||||
United States | 14 | 15 | ||
Europe | 1 | 1 | ||
Asia | 1 | 1 | ||
Total | 16 | 17 | ||
Natural gas – mcf | ||||
United States | 128 | 110 | ||
Europe | 32 | 29 | ||
Asia and other | 432 | 380 | ||
Total | 592 | 519 | ||
Barrels of oil equivalent | 309 | 310 | ||
Sales Volumes Per Day (in thousands) |
||||
Crude oil – barrels | 202 | 194 | ||
Natural gas liquids – barrels | 17 | 17 | ||
Natural gas – mcf | 593 | 515 | ||
Barrels of oil equivalent | 317 | 296 |
HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES EXPLORATION AND PRODUCTION SUPPLEMENTAL OPERATING DATA (UNAUDITED) | ||||
Fourth | ||||
Quarter | ||||
Through | Third | |||
November | Quarter | |||
2013 | 2013 | |||
Operating Data |
||||
Average Selling Prices |
||||
Crude oil - per barrel (including hedging) | ||||
United States |
$ 88.76 |
$ 99.80 | ||
Europe | 110.34 | 113.18 | ||
Africa | 109.02 | 110.71 | ||
Asia | 105.95 | 104.27 | ||
Worldwide | 98.65 | 104.95 | ||
Crude oil - per barrel (excluding hedging) | ||||
United States |
$ 88.70 |
$ 99.75 | ||
Europe | 109.86 | 112.51 | ||
Africa | 109.33 | 110.95 | ||
Asia | 105.95 | 104.27 | ||
Worldwide |
98.57 |
104.88 | ||
Natural gas liquids - per barrel | ||||
United States |
$ 40.91 |
$ 41.03 | ||
Europe | 54.73 |
58.67 | ||
Asia | 73.72 | 70.05 | ||
Worldwide | 44.33 | 43.67 | ||
Natural gas - per mcf | ||||
United States |
$ 3.09 |
$ 2.78 | ||
Europe | 11.65 | 12.13 | ||
Asia and other | 7.76 | 7.19 | ||
Worldwide | 6.97 | 6.52 | ||
Benchmark Selling Prices |
||||
West Texas Intermediate (WTI) - per barrel |
$ 97.47 |
$ 105.81 | ||
Brent - per barrel | 108.71 | 109.65 | ||
Natural Gas Henry Hub - per mcf | 3.65 | 3.56 |
Source:
For Hess Corporation
Investors:
Jay Wilson
212-536-8940
Media:
Sard Verbinnen & Co
Michael Henson/Patrick Scanlan
212-687-8080