Hess Corporation provided earnings guidance for the year 2012. For the period, the company expects after-tax interest expense to be in the range of $245 million to $255 million. Effective tax rate to be in the range of 36% to 40% for the full year of 2012. In 2012, company's capital and exploratory expenditures are budgeted at $6.8 billion with substantially all dedicated to Exploration and Production. 2012, the company plan to invest $2.5 billion or nearly 40% of projected spend in unconventionals. In addition, the company plan to invest $1.6 billion for production, $1.8 billion for developments and $800 million for exploration. Depreciation, depletion and amortization expenses are expected to be in the range of $20.50 to $21.50 per barrel for total production unit cost of $40.50 to $42.50 per barrel.