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Hess provided an update to its most recent quarterly results. Here is the quick read.
1. The company said it plans to add 1 rig to its bakken rig count in September after completing 9 wells and brining online all nine wells in Q2.
2. Average raised prices for crude excluding hedges rose +22% quarter over quarter.
3. Q2 production (exl. Libya) 307mboe/d vs 315mboe/d in Q1. Bakken was 159 Mboe/d
4. Full year 2021 capex remains unchanged.
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