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This 4-page paper provides an analysis about oil and gas production company Hess Corp. Bibliography lists 4 sources.
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4 pages (~225 words per page)
File: AS43_MThessanly.rtf
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Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Peru, Russia, Thailand, the UK, and the US (Hampton). In 2009, the company reported reserves totaling more than 1.4 billion
barrels of oil and equivalent (Hampton). In the United States, Hess operates a 50%-owned refinery in the Virgin Islands (operated in conjunction with
Venezuelas Petroleos de Venezuela S.A.) and a smaller one in New Jersey, while marketing gasoline through 1,360 HESS gas stations throughout the eastern United States. The company also provides power
to Northeast and Mid-Atlantic customers (Hampton). Meanwhile, in Europe, Hess properties make up more than 30% of the companys total proved oil and
gas reserves (Hampton). Hess is a "home-grown" company in the United States, having been launched in 1933 when 19-year-old Leon Hess acquired a
delivery truck to deliver fuel throughout Asbury Park, NJ (History). The following three decades saw expansion in refinery and storage capacity, and in 1960, the first Hess-branded gas station opened
in Oakhurst, NJ (with the price per gallon standing at just under $.28) (History). Nine years later, Hess merged with Amerada Petroleum to become Amerada Hess (History). With the merger,
Amerada Hess continued expanding its global operations, production and exploration (History). The company purchased Dallas Triton Ltd. in 2001 (History). In 2006, the company changed its name from "Amerada Hess
Corp." to "Hess Corp." (History). General Environment On the plus side, there is still a definite demand for oil and gas; and Hess
has "promising oil and gas projects on several continents to drive long-term production growth" (Milostan). Furthermore, the company plans to accelerate its Bakken oil drilling in North Dakota, which should
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