Whiting and Hess Announce Bakken Drilling Cuts
Whiting Petroleum Corp. and Hess Corp. both announced major capital spending cuts in the Bakken. Whiting said it will reduce its budget by $185 million down to a range of $400 to $435 million while only employing one drilling rig and one frac crew. With an overall spending cut of $800 million, Hess will reduce…
