Hess in the Media: How A Lean-Efficient, Cost-Effective Well Workover Can Do Wonders
When Materion Corp. and Hess Corp. developed and added the new ToughMet Sucker Rod Couplings to Hess wells, run times tripled, workover costs were cut significantly and fluid production increased by 10% to 15%. Hess’s Bakken asset is implementing this solution in 250 wells or more in 2017 to drive costs down for the company by almost $20 million. Full Story
Farm Rescue Receives $50,000 from Hess
Farm Rescue, a nonprofit organization that provides planting, harvesting, haying and hay hauling assistance free of charge to farm and ranch families who have experienced a major illness, injury or natural disaster, received $50,000 in donated funds from Hess Corporation.
In the Media: Evolution of Designs Hastens U.S. Shale Boom
Hess’ financial and production metrics have experienced a marked increase following its move to plug-and-perf (PNP) completion designs and improved well spacing after the price collapse of 2014. The company reported in its December 2018 investor presentation that its adoption of PNP completions is forecast to result in increases in production to about 200,000 boe/d and net present value by about $1 billion.
Hess Announces Regular Quarterly Dividend On Common Stock - June 2019
The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 28, 2019 to holders of record at the close of business on June 17, 2019.