Hess scores another Utica shale position

摘要

Hess Corp., New York, (NYSE: HES) has acquired The Woodlands, Texas-based Marquette Exploration LLC and additional leases in Ohio's Utica shale for approximately $750 million. The deal boosts Hess' acreage position in Ohio by 85,000 net acres. The leases, in which Hess will have a 100% working interest, are in Jefferson, Harrison and Belmont counties. Hess chairman and chief executive John Hess says, "With these transactions, we have built a strategic acreage position in the Utica shale, allowing us to strengthen our portfolio of unconventional resources in high-quality assets, leverage our operating expertise and create significant potential for future growth in reserves and production."