Market Overview

Hess Donates $300,000 to LA 1 Highway Initiative


The LA 1 Coalition, today received a $300,000 grant from Hess
Corporation (NYSE:HES) to help build phase 2 of the Louisiana Highway
One (LA 1) Improvement Project. The project supports the ongoing
redevelopment of Louisiana Highway One, which is located in the state's
southern Lafourche Parish. The region is the gateway to energy
production from the Gulf of Mexico, supporting 18 percent of the Unites
States domestic oil production and 4 percent of its natural gas

Speaking at a ground breaking event for the phase 2 construction in
Leeville, Louisiana, LA 1 Executive Director, Henri Boulet thanked the
oil and gas industry for its financial support and singled out Hess
Corporation for its generous contribution:

"The LA 1 Coalition is extremely grateful to Hess Corporation for their
recognition of the importance of Louisiana Highway One to south
Louisiana, and for recognizing the value of this donation as a tool for
leveraging other stakeholder participation. This represents the strong
partnership that exists between our community, industry, state and
federal governments to advance the LA 1 Project to completion and
strengthen the resiliency of our working coast."

Hess Corporation Vice-President for the Offshore, Gerbert Schoonman,
noted that, "the highway is a critical corridor for the nation's energy
supply, and an important route for Louisiana's seafood and tourism
industries. Hess recognizes that the upgrade of LA Highway 1 will not
only help improve commerce, but also improve the quality of life for the
many thousands of people that depend on this important state highway for
their livelihoods."

The significance of the highway to the national economy was confirmed in
a U.S. Department of Homeland Security (DHS) authored study in 2011,
which assessed the national consequences of disruptions to LA Highway 1.
The report by DHS concluded that a 90-day closure of 7.1 miles along
existing at-grade LA Highway 1 could result in up to a $7.8 billion loss
to American gross domestic product.

The LA 1 Coalition was established in 1997 by a group of area residents
and businesses, to advocate for improving the highway system between
Grand Isle and U.S. Highway 90 - an area that has been subject to severe
flooding for a number of years. The goal of the group has been to see
the highway rebuilt well above any possible storm surge heights.

About Hess Corporation

Hess Corporation is a leading global independent energy company engaged
in the exploration and production of crude oil and natural gas. Hess is
committed to meeting the highest standards of corporate citizenship and
creating a positive impact on the communities where it operates. More
information is available at

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