Net production is forecast to average between 330,000 and 335,000 barrels of oil equivalent per day in 2020, excluding Libya. Bakken net production is forecast to average approximately 180,000 barrels of oil equivalent per day in 2020.
"We continue to successfully execute our long term strategy, with the majority of our capital budget directed to Guyana and the Bakken -- two of the highest return investment opportunities in our industry that will become significant, long term cash generators for our company," CEO John Hess said.
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Hess Capex Budget Puts Priority on Bakken, South America | 2020-01-28 | Natural Gas Intelligence
Hess Corp. is once again directing the lion’s share, more than 80%, of its planned $3 billion capital expenditure (capex) budget for 2020 to high-return investments in the Bakken Shale and offshore Guyana.
About 75% of its $2.9 million capex budget in 2019 went to Guyana and the Bakken, which is considered by senior executives to be one of the New York-based producer’s “growth engines.” Management is designating $1.375 billion to fund a six-rig program in the play that is expected to result in net production growing to around 200,000 boe/d by the end of 2020.
How Market Research Can Help You Allocate Your 2020 Marketing Budget | CustomerThink
Courtesy of Shutterstock Chief marketing officers (CMOs) often walk a fine line when it comes to media allocation. They are tasked with managing multiple internal stakeholders with different desired outcomes – that's no small feat! Distribution wants marketing efforts to broaden awareness to help secure shelf space. The chief financial officer (CFO) wants to see a sales boost and solid return on investment (ROI).
Market research can help
In order to balance all of the wants from stakeholders, CMOs will have to show why they are making certain marketing budget decisions. Data and insights can be a valuable tool when developing a marketing budget. In fact, 83 percent of marketers intend to increase the role of analytics in marketing over the next 12 months. So, what types of market research can provide clarity on where to spend your marketing budget? Here are a few to consider:
In case you are keeping track:
Budget Direct Insurance wins Feefo Platinum Trusted Service Award 2020
SINGAPORE , Jan. 29, 2020 /PRNewswire/ -- Budget Direct Insurance has received the Feefo Platinum Trusted Service award, an independent seal of excellence that recognises businesses for delivering exceptional experiences, as rated by real customers.
Created by Feefo, this Platinum Trusted Service award is conferred only to businesses that use Feefo to collect genuine reviews and insights. Businesses meeting the high standard, based on the number of reviews they have collected and their average rating, receive the award. A highly-valued badge of approval, this accreditation remains unique, as it is based purely on the interactions with real customers.
Influencer Marketing on a Tight Budget: Incentives to Offer Beyond a Big Payout | Social Media
Many organizations want to work with influencers to gain attention and drive results, but few have the budget to make it happen.
When working with a non-existent or limited budget, you need to identify what your company can uniquely offer to influencers instead of always paying for their support. The goal here isn't to take advantage of influencers, as I'm a big proponent of reasonably paying them for the value they're able to provide. Instead, my advice is to find a mix of approaches for incentivizing influencers so that these partnerships don't require a budget, or are less costly.
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