Hess Announces Discovery at Longtail-3, Offshore Guyana
Hess Corporation (HES)
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Source: Business Wire
Adds to previous recoverable resource estimate of approximately 9 billion barrels of oil equivalentMako-2 appraisal well results, together with the previously announced Uaru-2 discovery, give line of sight to a potential fifth FPSO on the Stabroek Block NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today announced a discovery offshore Guyana at the Longtail-3 well on the Stabroek Block. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately two miles (3.5 kilometers) south of the Longtail-1 well. It was drilled in more than 6,100 feet (1,860 meters) of water by the Stena DrillMAX. The Longtail-1 discovery on the Stabroek Block was drilled in 2018, encountering approximately 256 feet (78 meters) of high-quality, oil-bearing sandstone reservoir.In other drilling activity, the Mako-2 appraisal well on the St
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News
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- Hess Co. (NYSE: HES) had its price target raised by analysts at Susquehanna from $156.00 to $164.00. They now have a "neutral" rating on the stock.MarketBeat
- Is a Beat in Store for Hess (HES) This Earnings Season? [Yahoo! Finance]Yahoo! Finance
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- Hess Co. (NYSE: HES) had its price target raised by analysts at Piper Sandler from $172.00 to $173.00. They now have an "overweight" rating on the stock.MarketBeat
HES
Earnings
- 1/31/24 - Beat
HES
Sec Filings
- 4/10/24 - Form SC
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- HES's page on the SEC website