Hess in World Oil: New Sucker Rod Coupling Could Save Millions
Hess Corporation Logo header
SEARCH

Hess in World Oil: New Sucker Rod Coupling Could Save Millions

  • Pumpjacks in North Dakota

Hess is featured in this month's World Oil magazine for a new patent-pending sucker rod coupling that could save Hess and other operators millions of dollars per year. The invention was developed by Hess and Materion and is expected to reduce annual per well workover costs by $75,000-$100,000.

Hess employees Seth Silverman, Senior Production Engineering Adviser, and Logan Stoner, MR&I Bakken Subsurface Lead, co-authored the article and, along with Chuck Panzer, Senior Reliability Technician, played key roles in developing the innovation. Silverman said that such an innovation couldn’t have come at a better time for the industry, as crude price volatility has driven a great need for operators to increase efficiency, reduce waste and cut costs.

Click here to read the article

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