CSG

Hess to spend big on unconventionals

US MID-CAP Hess Corporation plans to spend around 37% or $US2.5 billion ($A2.4 billion) of its $US6.8 billion exploratory budget on the booming shale industry.

Marija Stojkovic

Hess said this year's $US2.5 billion budget for unconventionals would focus on the development of the Bakken shale in North Dakota, where it plans to continue to operate 16 rigs and progress the expansion...

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