Hess (HES) sets its 2013 capital and exploratory budget at $6.8B, down from $8.3B spent in 2012....

|About: Hess Corporation (HES)|By:, SA News Editor

Hess (HES) sets its 2013 capital and exploratory budget at $6.8B, down from $8.3B spent in 2012. Of the $6.7B budgeted in 2013 for exploration and production, $2.7B is dedicated to unconventional shale resources and the rest is focused on conventional resources.