Hess Corporation will spend $1.375 billion to fund a six rig program in the Williston Basin this year to drill 170 new wells and complete 175.

The company estimates production will reach 200,000 BOEPD by the end of the year.

“We continue to successfully execute our long term strategy, with the majority of our capital budget directed to Guyana and the Bakken — two of the highest return investment opportunities in our industry that will become significant, long term cash generators for our company,” CEO John Hess said.