Hess Corp

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New York City, N.Y.-based Hess Corp (NYSE: HES) is an integrated oil and gas company that owns over 1,200 filling stations primarily on the East Coast. In June, 2009, Hess was reported to be working with Seneca Resources to sign up three coalitions of landholders, each from a separate town in Broome County, New York, to a gas lease. The towns involved were Binghamton, Conklin and Kirkwood. The size of the area being considered for the lease was 30,000 acres. Exploration on any such lease would doubtless target the Marcellus shale.

A July, 2009 report indicated that Hess had signed a group of 700 Broome County, NY landowners to a 7.5 year lease covering 19,000 acres in Binghamton and Conklin for $66 million and 20% royalties. The company appears to be planning to lock up a thick finger of Marcellus shale extending from the Montrose, Pa., area up through eastern Broome County.

Jon Pepper is a spokesman for Hess Corp.