Wall Street Journal Highlights Hess Efficiency in Bakken - ..itefinityWebApp_IN_0
Hess Corporation Logo

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: WSJ’s CIO Journal Highlights Hess’ Cloud Migration

    In an Oct. 14 Wall Street Journal interview, Hess Senior Vice President, Services and Chief Information Officer Zhanna Golodryga explained the productivity and cost benefits of the company’s move to the cloud. Golodryga said the migration allows Hess to focus on the growing volume of drilling data, seismic information and other big-data opportunities.
    Full story
  • Hess Recognized as Top Quartile in Societal Investment

    Hess is among the top 25 percent for total giving among 272 companies that participated in the 2016 Giving in Numbers survey, which is considered the leading benchmark on corporate societal investment and employee engagement.
    Full story
  • Hess in the Media: Hess Confident Stampede on Target for First Oil in 2018

    On Sept. 2, Upstream featured a project update on the Stampede Development, reporting that Hess is confident that the project in the deepwater Gulf of Mexico is on target, as the company works towards first oil in 2018.
    Full story