Seeking Alpha

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

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.
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