hess crude oil tankerHess Corp. has contracted with three large crude oil tankers to store 2 million barrels each of Bakken crude oil in May, June and July that will be sold off at a presumed profit in the fourth quarter. Terms of the contract and location of the ships were not disclosed but current rental rates run between $77,000 and $100,000 per tanker each day. To learn more about this transaction and Bakken drilling plans, read the May 14 edition of the Oil Patch Hotline.