HESS CORPORATION (NYSE:HES) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01.Completion of Acquisition or Disposition of Assets.
On December22, 2017, Hess Corporation (the “Company”) completed the previously announced sale of its indirect wholly owned subsidiary Hess Norge AS to Aker BP ASA. Hess Norge AS holds a 64.05 percent interest in the Valhall Field and a 62.5 percent interest in the Hod Field, offshore Norway. The cash purchase price was approximately $2billion, with an effective date of January 1, 2017, subject to closing adjustments.
Item 2.01.Financial Statements and Exhibits.
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(b) |
Pro forma financial information. |
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The pro forma financial information required to be furnished under this Item 2.01(b) is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. |
99(1)Unaudited pro forma financial information of Hess Corporation as of September 30, 2017 and for thenine months ended September 30, 2017 and the year ended December 31, 2016.
HESS CORP ExhibitEX-99.1 2 hes-ex991_8.htm EX-99.1 hes-ex991_8.htm Exhibit 99.1 HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES UNAUDITED PRO FORMA FINANCIAL INFORMATION The following unaudited pro forma financial information is derived from the historical consolidated financial statements of Hess Corporation (“Hess” or the “Company”) and has been adjusted to reflect the sale of Hess Norge AS on December 22,…To view the full exhibit click here
About HESS CORPORATION (NYSE:HES)
Hess Corporation is an exploration and production (E&P) company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas. Its segments include E&P, which is engaged in the sale of crude oil, natural gas liquids and natural gas, and Bakken Midstream, which provides services, including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, located in the Bakken shale play of North Dakota. Its Bakken Midstream assets include Tioga gas plant, Tioga gas plant, Crude oil train units, Ramberg truck facility, Gathering pipelines and Gathering pipelines. It has production operations located in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia and Norway.