In the Media: WSJ cites Hess as Part of Bakken Drilling Resurgence
Hess Corporation Logo header
SEARCH

In the Media: WSJ cites Hess as Part of Bakken Drilling Resurgence

  • BoucingBack_RIGDATA_GRAPHIC
06.15.2017

Drillers are inching back to action in North Dakota’s Bakken shale region, a sign of the recovery of the American oil and gas sector, writes the Wall Street Journal. The revival after a three-year low oil price environment is welcomed by local industry leaders, officials and merchants,

Hess is drilling new wells with four Bakken rigs in place and plans to have six by year-end. Hess has nearly 3,000 locations left to drill in the area—half of which generate a return of at least 15 percent at $50 oil thanks to technological improvements and cost cutting.

“We compete very well with the Permian,” said Mike Turner, senior vice president of global production at Hess, referring to the region of Texas and New Mexico where much shale drilling has concentrated during the downturn in prices.

Full story

Related News
  • Hess Announces 13th Discovery Offshore Guyana

    Hess today announced a new discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated gross discovered recoverable resource of more than 5.5 billion barrels of oil equivalent on the Stabroek Block.
    Full story
  • Hess schedules Q1 2019 earnings release conference call.

    Hess announced today that it will hold a conference call on Thursday, April 25, 2019 at 10 a.m. Eastern Time to discuss its first quarter 2019 earnings release.
    Full story
  • Oil and Gas Investor: The Return of the Bakken

    North Dakota’s production is setting new records, far exceeding the 2014 high. Bigger production volumes are coming from increasingly rubble-izing the rock, reports Oil and Gas Investor.
    Full story