Hess Corporation is raising the bar in the Bakken.
The company, which has had operations in North Dakota since 1951, is delivering some of the highest return wells in the Bakken based on top-quartile drilling and completion costs and well productivity.
“We are using technology and Lean manufacturing techniques to drive productivity and achieve significant reductions in costs and cycle times,” said Greg Hill, president and chief operating officer of Hess, who will address the DUG Bakken and Niobrara Conference in Denver at 1:30 p.m. MT on April 1, 2015. “At the same time, we are creating an ‘army of problem solvers’ among our workforce.”
Add to that the company’s leading acreage in the heart of the core of the Bakken play, and Hess is well positioned to maximize value in a price recovery scenario.
“With Lean, Hess has unique manufacturing capabilities that allow us to operate profitably in a low-price environment,” Hill said.
Hill noted that not only does Lean help Hess cut waste, improve reliability and boost efficiency it bolsters partnerships and improves safety as well. Click here for Greg Hill's bio