Amerada Hess Corporation Announces Successful Acquisitions at Sale 190 in the Gulf of Mexico
March 17 2004 - 5:16PM
PR Newswire (US)
Amerada Hess Corporation Announces Successful Acquisitions at Sale
190 in the Gulf of Mexico NEW YORK, March 17 /PRNewswire-FirstCall/
-- Amerada Hess Corporation announced today that it was the high
bidder on 17 deepwater leases covering 85,000 acres in Central Gulf
of Mexico Lease Sale 190 held today in New Orleans, Louisiana. The
company's net exposure for its high bids is approximately $41
million. Amerada Hess was the high bidder on one of Sale 190's most
sought after blocks, Green Canyon Block 468. This block is located
in the prolific Lower Miocene trend of the deepwater Gulf of
Mexico. The high bids are subject to approval by the U.S.
Department of Interior's Minerals Management Service. Amerada Hess
will operate 14 of the leases with a 100% working interest,
including Green Canyon Block 468. "The deepwater Gulf of Mexico is
a key focus area for Amerada Hess. This new acreage adds to our
already extensive holdings in the deepwater Gulf of Mexico and
provides exciting additionalexploration opportunities for our
company," said Bob Strode, Senior Vice President of Exploration.
Amerada Hess has six producing fields in the Gulf of Mexico,
operating four, with two more scheduled to begin production this
year. The company also participated in two significant recent
discoveries, Shenzi and Tubular Bells. About Amerada Hess
Corporation Amerada Hess, headquartered in New York, is a global
integrated energy company engaged in the exploration for and the
production, purchase, transportation and sale of crude oil and
natural gas, as well as the production and sale of refined
petroleum products. Contact: Amerada Hess Corporation.....Jay R.
Wilson (212) 536-8940 DATASOURCE: Amerada Hess Corporation CONTACT:
Jay R. Wilson ofAmerada Hess Corporation, +1-212-536-8940
Copyright
A H Belo (NYSE:AHC)
Historical Stock Chart
From Sep 2024 to Oct 2024
A H Belo (NYSE:AHC)
Historical Stock Chart
From Oct 2023 to Oct 2024