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

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 to Participate in Citi Global Energy & Utilities Conference

    Hess announced today that John Hess, Chief Executive Officer, will present at the Citi Global Energy & Utilities Conference in Boston on Tuesday, May 15 at 4:15 p.m. Eastern Time. A live audio webcast and a replay of the presentation will be available.
    Full story
  • Hess Ranked Top Oil and Gas Company on 2018 Best Corporate Citizens List

    Hess has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2018. Hess is ranked No. 40 on the 2018 list, moving up 11 places from last year’s ranking. The company has been named to the list each of the last 11 years.
    Full story
  • Hess in the Media: Stampede stays astride in turbulent times

    Hess credits the successful launch of Stampede to its ability to stick to plan amid change as crucial to its ultimate execution of the project, says Gerbert Schoonman, Hess vice president for global production offshore.
    Full story