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Hess expects to produce as much as 90K barrels a day in N.D. in second quarter

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Oil and natural gas producer Hess reported a higher-than-expected quarterly profit on Wednesday.

The company, a major operator in North Dakota’s Bakken shale formation and the U.S. Gulf of Mexico, posted first-quarter net income of $386 million, or $1.20 per share, compared with $1.28 billion, or $3.72 per share, a year earlier.

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