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Hess Completes Sale Of Non Strategic Interests In Bakken Acreage

 


NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) has announced that it has completed the previously announced sale of its Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota to Enerplus Corporation for a total consideration of $312 million, effective March 1, 2021.

“The Bakken is a core asset in our company’s portfolio,” CEO John Hess said. “Sale of the Little Knife and Murphy Creek acreage – the majority of which we were not planning to drill before 2026 – brings material value forward and further strengthens our cash and liquidity position.”

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information is available at http://www.hess.com.

 

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