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Hess Corporation, an established exploration and production company, engages in the comprehensive lifecycle of energy resources, including exploration, development, production, and distribution of crude oil, natural gas liquids (NGLs), and natural gas. Founded in 1920 and based in New York, New York, Hess operates through two main segments: Exploration and Production, and Midstream. Its production activities span key regions such as the United States, Guyana, Malaysia/Thailand Joint Development Area, and Malaysia, with significant offshore exploration efforts in Guyana, the U.S. Gulf of Mexico, Suriname, and Canada.
In addition to its exploration and production operations, Hess is actively involved in midstream activities, including gathering, compressing, and processing natural gas, as well as fractionating NGLs. The company also manages the transportation and storage of crude oil and NGL through rail services, and operates facilities for storing and terminaling propane. Furthermore, Hess provides essential water handling services primarily in the Bakken Shale plays located in the Williston Basin area of North Dakota.
As of December 31, 2021, Hess Corporation reported total proved reserves amounting to 1,309 million barrels of oil equivalent, underscoring its robust portfolio and commitment to sustainable resource management. With a rich history spanning over a century, Hess continues to drive innovation and efficiency in the energy sector, contributing to both national and global energy markets through responsible exploration and development practices.
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