Reuters logo
2 months ago
BRIEF-Hess announces sale of enhanced oil recovery assets in Permian Basin
June 19, 2017 / 1:31 PM / 2 months ago

BRIEF-Hess announces sale of enhanced oil recovery assets in Permian Basin

June 19 (Reuters) - Hess Corp:

* Hess announces sale of its enhanced oil recovery assets in the Permian Basin

* Hess announces sale of its enhanced oil recovery assets in the Permian Basin

* Hess Corp - deal for a total consideration of $600 million

* Hess Corp - proceeds from sale will be used to fund company's strong growth opportunities

* Hess Corp - transaction consists of Seminole-San Andres unit and Seminole gas processing plant in Texas, West Bravo dome C02 field in New Mexico

* Hess Corp - transaction also consists of a 9.9% non-operated interest in bravo dome unit in new mexico

* Hess Corp - enters agreement to sell its interests in enhanced oil recovery (EOR) assets in Permian Basin to occidental petroleum corporation Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below