Hess: Bakken Production to Average 40,000 BPD This Year - Bloomberg

Hess Says Bakken Production to Average 40,000 BPD This Year - Bloomberg: "Hess Says Bakken Production to Average 40,000 BPD This Year
By Paul Burkhardt and Jim Polson - Apr 27, 2011 9:47 AM MT
inShare0More
Business ExchangeBuzz up!DiggPrint Email Hess Corp. (HES) expects to average 40,000 barrels a day of oil production this year from wells in North Dakota’s Bakken shale formation.
Wells located on new acreage “exceeded expectations,” Greg Hill, president of exploration and production at the New York-based company, said today on a conference call with investors.
Bakken production averaged 25,000 barrels a day in the first quarter, Chief Executive Officer John Hess said on the call. Production was equivalent to 13,000 barrels a day in the same period last year, Hess reported."
The Bakken Formation keeps on kicking it out!