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

Wall Street Journal Highlights Hess Efficiency in Bakken

  • Photo courtesy of Chester Dawson/Wall Street Journal
05.18.2016

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" 

Related News
  • Hess Helping Build Capacity in Malaysia

    Hess has joined with five other energy companies in Malaysia to help develop local businesses so they can become successful vendors to the oil and gas industry. The initiative, known as VDPx, was launched by PETRONAS to expand and promote sustainable local vendor development, particularly among the Malay indigenous people.
    Full story
  • Hess Schedules Earnings Release Conference Call

    Hess announced today that it will hold a conference call on Wednesday, October 31, 2018 at 10 a.m. Eastern Time to discuss its third quarter 2018 earnings release.
    Full story
  • Stampede: Leveraging Hess' Deepwater Abilities

    Hess has capitalized on its proven track record in the Gulf of Mexico with the successful project execution of the Stampede field — one of the largest undeveloped fields in the Gulf.
    Full story