Wall Street Journal Highlights Hess Efficiency in Bakken
Hess Corporation Logo
SEARCH

Wall Street Journal Highlights Hess Efficiency in Bakken

  • Photo courtesy of Chester Dawson/Wall Street Journal

Low oil prices are reshaping the shale industry in North Dakota. Wall Street Journal reporter Chester Dawson describes how Hess and other operators are becoming more efficient to keep the Bakken play profitable.

Hess has applied Lean manufacturing techniques in the Bakken to reduce completion costs by one-third over the past 12 months, cut the time it takes to frack a well to one day and boosted average initial well production by up to 20 percent. “The slowdown actually has helped convince people of the need to do everything more efficiently," Hess VP David McKay said.

Click here to read "Shale Drillers' Key to Survival: Efficiency" 

Latest Hess News
  • Hess in the Media: Stampede, North Malay Basin Highlighted as Upcoming Cash Generators in Hess CAPEX Budget

    A Subsea Engineering News article reported that “Stampede stays on track for 2018 first oil” and provided updates on the Stampede and North Malay offshore development projects.
    Full story
  • Hess in the Media: E&P Magazine Features Innovation, Collaboration at Stampede

    E&P Magazine featured Stampede as its February 2017 cover story on “Innovation through Collaboration.” The article examined how Hess and Heerema Marine Contractors collaborated to install 12 piles in 12 days leveraging Lean thinking to create value and improve safety, quality, delivery and cost.
    Full story
  • Hess Reports Estimated Results for the Fourth Quarter of 2016

    “We see 2017 as the start of an exciting new chapter of value-driven growth for our company and our shareholders,” Chief Executive Officer John Hess said. “We are increasing activity in the Bakken, our two offshore developments at North Malay Basin in the Gulf of Thailand and Stampede in the Gulf of Mexico are on track to come online in 2017 and 2018, and the Liza Field in Guyana is one of the industry’s largest oil discoveries in the last 10 years.”
    Full story