Hess divested two blocks of North Dakota for more than $300 million

According to a report from the US drilling website in Houston on May 3, 2021, Hess Corporation, a well-known American oil company, announced that Hess Corporation recently placed it in the Bakken Shale Scenic Area, North Dakota, for a total price of US$312 million.

Hess pointed out in a written statement that the agreement took effect on March 1 this year.

John Hess, CEO of Hess, said: "The Bakken Basin is the core asset of our company's investment portfolio.

Enerplus of Canada announced on April 8 this year that it plans to acquire 78,700 net acres in Dunn County, North Dakota.

Ian C.

Li Jun compiled from the U.

The original text is as follows:

Hess Divests Acreage in North Dakota

Hess Corp.

　　The deal is effective March 1, 2021, Hess noted in a written statement.

　　“The Bakken is a core asset in our company's portfolio,” remarked Hess CEO John Hess.

　　When on April 8, 2021, it announced its plan to acquire the 78,700 net acres in Dunn County, ND, Enerplus pointed out that it would add 110 net tier one undrilled locations (77% operated).

　　“These assets are a strong strategic and operational fit for Enerplus, further extending our high-return Bakken drilling inventory,” Enerplus President and CEO Ian C.