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

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

  • BoucingBack_RIGDATA_GRAPHIC

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‚Äč

Latest Hess News
  • In the Media: Hess Advances Stampede Project in Deepwater GoM

    Hess Corp. is advancing the development of its Stampede project in the deepwater Gulf of Mexico, with first production expected in the first half of 2018.
    Full story
  • Hess in the Media: Dynamic Simulations Optimize Systems Design on Stampede

    The Stampede team commissioned a multipurpose dynamic simulator (MPDS) that was crucial to both successful engineering design and operations training, according to an article in American Oil & Gas Reporter magazine.
    Full story
  • Hess Schedules Earnings Release Conference Call

    NEW YORK--(BUSINESS WIRE)--Oct. 10, 2017-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 25, 2017 at 10 a.m. Eastern Daylight Time to discuss its third quarter 2017 earnings release.
    Full story