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Dispositions
12 Months Ended
Dec. 31, 2015
Disposition Of Businesses [Abstract]  
Dispositions

9.  Dispositions

2015:  In December, we completed the disposition of our interest in Algeria and recognized a pre-tax loss of $21 million ($21 million after income taxes), and sold land associated with our former joint venture interest in the Bayonne Energy Center for $20 million, resulting in a pre-tax gain of $20 million ($13 million after income taxes).  In the third quarter of 2015, we completed the sale of approximately 13,000 acres of Utica dry gas acreage for a sale price of approximately $120 million.  This transaction resulted in a pre-tax gain of $49 million ($31 million after income taxes).

2014:  In January, we completed the sale of our interest in the Pangkah asset, offshore Indonesia for cash proceeds of approximately $650 million, which resulted in a pre-tax gain of $31 million ($10 million loss after income taxes).  In April, we completed the sale of our interests in Thailand for cash proceeds of approximately $805 million, which resulted in a pre-tax gain of $706 million ($706 million after income taxes).  In the first six months of 2014, we completed the sale of approximately 77,000 net acres in the dry gas area of the Utica shale play including related wells and facilities through multiple transactions, for cash proceeds of $1,075 million and recorded a pre-tax gain of $62 million ($35 million gain after income taxes).  In June, we completed the sale of our joint venture interest in an electric generating facility in Newark, New Jersey for cash proceeds of $320 million, resulting in a pre-tax gain of approximately $13 million ($8 million after income taxes).  In September, we sold our joint venture interest in Bayonne Energy Center for $79 million, which did not result in a gain or loss.  Also in September, we completed the sale of our interest in an exploration asset in the United Kingdom North Sea for $53 million, which resulted in a pre-tax gain of $33 million ($33 million after income taxes).

2013:  In January, we completed the sale of our interests in the Beryl fields and the Scottish Area Gas Evacuation System in the UK North Sea for cash proceeds of $442 million; this transaction resulted in a pre‑tax gain of $328 million ($323 million after income taxes).  In March, we sold our interests in the Azeri‑Chirag‑Guneshli fields, offshore Azerbaijan in the Caspian Sea, and the associated Baku‑Tbilisi‑Ceyhan (BTC) oil transportation pipeline company for cash proceeds of $884 million; this transaction resulted in a pre‑tax gain of $360 million ($360 million after income taxes).  In April, we completed the sale of our Russian subsidiary, Samara-Nafta, for cash proceeds of $2.1 billion; based on our 90% interest in Samara-Nafta, after-tax proceeds to Hess were approximately $1.9 billion.  This transaction resulted in a pre-tax gain of $1,119 million ($1,119 million after income taxes), which was reduced by $168 million for the noncontrolling interest holder’s share of the gain, resulting in a net gain attributable to us of $951 million.  In December, we completed the sale of our interest in the Natuna A Field, offshore Indonesia for total cash proceeds of approximately $656 million; this transaction resulted in a pre‑tax gain of $388 million ($343 million after income taxes).