| << Back |
The Pecan-1 well was drilled to a total depth of 15,420 feet in a water depth of 8,245 feet. An extensive data acquisition program was undertaken including wireline logs and MDTs. The well was then sidetracked to obtain bypass cores and is now being suspended.
Pecan-1 is Hess’ fifth discovery on the block and follows the previously announced discoveries at Almond (53 net feet oil pay), Beech (146 net feet oil pay), Hickory North (98 net feet gas condensate pay) and Paradise (120 net feet oil pay and 295 net feet gas condensate pay).
Hess will next drill the Cob prospect, located approximately 15 miles northeast of the Pecan-1 discovery. Pre-development and further exploration activities are planned in 2013.
Cautionary Statements
This news release contains projections and other forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
projections and statements reflect the company’s current views with
respect to future events and financial performance. No assurances
can be given, however, that these events will occur or that these
projections will be achieved, and actual results could differ materially
from those projected as a result of certain risk factors. A
discussion of these risk factors is included in the company’s periodic
reports filed with the
Source:
Hess Corporation
Investors:
Jay
Wilson, 212-536-8940
or
Media:
Jon
Pepper, 212-536-8550