Debt	6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	9. Debt Hess Corporation: In the second quarter of 2019, the Corporation entered into a new fully undrawn $3.5 billion revolving credit facility with a maturity date of May 15, 2023, which replaced the Corporation’s previous revolving credit facility maturing in January 2021. The new facility can be used for borrowings and letters of credit. Borrowings on the new facility will generally bear interest at 1.30% above the London Interbank Offered Rate (LIBOR), though the interest rate is subject to adjustment if the Corporation’s credit rating changes. The facility is subject to customary representations, warranties and covenants, including a financial covenant limiting the ratio of Total Consolidated Debt to Total Capitalization (as such terms are defined in the credit agreement for the facility) of the Corporation and its consolidated subsidiaries to 0.650 to 1.000, and customary events of default. In the first quarter of 2018, we paid $415 million to redeem $350 million principal amount of 8.125% notes due 2019 and to purchase other notes with a carrying value of $38 million. Concurrent with the redemption of the 2019 notes, we terminated interest rate swaps with a notional amount of $350 million. In the second quarter of 2018, we paid $138 million to purchase notes with a carrying value of $112 million. As a result, we recorded losses on debt extinguishment of $53 million during the six months ended June 30, 2018. Hess Midstream: In the first quarter of 2019, HIP and HESM borrowed a total of $199 million from their revolving credit facilities of which $39 million was repaid in the second quarter of 2019.

Debt

6 Months Ended

Jun. 30, 2019

9. Debt

Hess Corporation: In the second quarter of 2019, the Corporation entered into a new fully undrawn $3.5 billion revolving credit facility with a maturity date of May 15, 2023, which replaced the Corporation’s previous revolving credit facility maturing in January 2021. The new facility can be used for borrowings and letters of credit. Borrowings on the new facility will generally bear interest at 1.30% above the London Interbank Offered Rate (LIBOR), though the interest rate is subject to adjustment if the Corporation’s credit rating changes. The facility is subject to customary representations, warranties and covenants, including a financial covenant limiting the ratio of Total Consolidated Debt to Total Capitalization (as such terms are defined in the credit agreement for the facility) of the Corporation and its consolidated subsidiaries to 0.650 to 1.000, and customary events of default.

In the first quarter of 2018, we paid $415 million to redeem $350 million principal amount of 8.125% notes due 2019 and to purchase other notes with a carrying value of $38 million. Concurrent with the redemption of the 2019 notes, we terminated interest rate swaps with a notional amount of $350 million. In the second quarter of 2018, we paid $138 million to purchase notes with a carrying value of $112 million. As a result, we recorded losses on debt extinguishment of $53 million during the six months ended June 30, 2018.

Hess Midstream: In the first quarter of 2019, HIP and HESM borrowed a total of $199 million from their revolving credit facilities of which $39 million was repaid in the second quarter of 2019.