GeoResources, Inc.

• Hess to Spend More in Bakken in 2012

  By Eric Fox - August 1, 2012 | Tickers: CLR, GEOI, HES, KOG, MRO

  Hess Corp. (NYSE: HES) has adjusted the company’s capital budget for 2012 and expects to spend an extra billion dollars on the Bakken play in the last half of the year.  The company is facing higher costs on drilling and completion services and more infrastructure spending.

  Second Quarter of 2012

  Hess reported average daily production of 55,000 barrels of oil equivalent (BOE) from the Bakken formation in the more »