Hess completes Tioga gas plant expansion

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

Hess (HES +0.8%) completes the $1.5B expansion of its Tioga natural gas processing plant in North Dakota, which more than doubles the operational capacity of the facility.

The plant is fully operational and is now processing ~120M cf/day, and HES expects that through a combination with third-party gas it will soon process at least 250M cf/day with the potential to increase beyond 300M; prior to the expansion, the plant processed ~100M cf/day.

The expansion also will allow HES to cut the amount of natural gas flared to 15%-20% from ~25% earlier.