The Bakken Magazine Interviews Hess’ Bakken VP
Hess Corporation Logo header
SEARCH

The Bakken Magazine Interviews Hess’ Bakken VP

  • Gerbert Schoonman, Vice President, Bakken

A Q&A with Gerbert Schoonman, vice president for Hess’ Bakken assets, was featured in the September/October 2016 issue of The Bakken Magazine. He discussed how Lean helps Hess increase efficiency and eliminate waste, noting that Hess has reduced Bakken drilling and completion costs from about $11 million in 2012 to below $5 million today.

He also talked about the long-term phase of operating the play’s wells, which he described as the most undertold story of the Bakken.  “Everybody talks about the initial decline curves, but what they don’t talk about is how long these wells will produce,” Schoonman said. “How we operate these wells long term is the next story. We expect most of these wells to produce for 30-plus years."

In addition, Schoonman discussed the importance of safety and his experiences at Hess. “Safety must be priority No. 1, 2 and 3,” he said.

Click here to read the article.

Latest Hess News
  • Hess Corporation Publishes 2017 Sustainability Report

    Hess published its 2017 Sustainability Report today, providing a comprehensive review of the company’s strategy and performance on safety, environmental, social and governance programs and initiatives.
    Full story
  • Hess Schedules Earnings Release Conference Call

    Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 25, 2018 at 10 a.m. Eastern Time to discuss its second quarter 2018 earnings release.
    Full story
  • Hess Announces Sale of Utica Acreage

    Hess Corporation today announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources–Utica, LLC for net cash consideration of approximately $400 million, effective April 1.
    Full story