Hess To Triple Bakken Rig Count; Forecasts 2017 Supply Surge; Produces 50% More Oil From ND Than GOM -- Platts -- January 25, 2017

Link here. Data points:

• CEO: "We are increasing activity in the Bakken."
• 4Q16: 95,000 boe/d from the Bakken; down 13% from same quarter a year ago
• 4Q16: fell from 73,000 to 61,000 boe/d in Gulf of Mexico
• 4Q16: overall, global: 311,000 boe/d vs 314,000 a year earlier
• CAPEX: CY16 -- $1.9 billion; down $4 billion from 2015
• CAPEX: CY17 -- forecasts $2.25 billion
• CY17: overall global production (Hess) will be flat, slightly negative over CY16 but forecasts production to average about 270,000 boe/d to 280,000 boe/d in 2Q17 but to grow as high as 340,000 boe/d by 4Q17

And then this: off-shore projects begun some years ago, will come on-line in 2017 or 2018.

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Did you note that CY16 CAPEX at $1.9 billion was $4 billion less than CY15, and yet production remained relatively unchanged? That seems like a pretty nice data point.

Note: data points from the full conference call here.