Hess Completes Strategy to Transform into E&P Company
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  • Hess announced several initiatives marking the culmination of its multi-year strategic transformation into a pure play E&P company:Divest assets in Indonesia and ThailandMonetization of Bakken midstream assets, expected in 2015Fully exiting the downstream business, including retail, energy marketing and energy...

    • March 5, 2013
    Headlines
    • March 5, 2013
    Headlines

    Hess announced several initiatives marking the culmination of its multi-year strategic transformation into a pure play E&P company:

    • Divest assets in Indonesia and Thailand
    • Monetization of Bakken midstream assets, expected in 2015
    • Fully exiting the downstream business, including retail, energy marketing and energy trading

    "By 2014, Hess will be a pure play E&P company with a tremendous portfolio comprised of higher growth, lower risk assets." - John Hess, Chairman and CEO.

    View Hess' upstream opportunities in the PLS Derrick M&A database