Hess Receives PESA 2015 Explorers of Houston Award for Leadership and Innovation
Hess Corporation Logo header
SEARCH

Hess Receives PESA 2015 Explorers of Houston Award for Leadership and Innovation

  • Hess Corporation received the 2015 Explorers of Houston Award for Leadership & Innovation
  • Explorers Award Winner
10.21.2015

Hess Corporation received the 2015 Explorers of Houston Award for Leadership & Innovation on Oct. 20. Each year, the Petroleum Equipment & Services Association (PESA) Explorers of Houston committee honors an exploration and production company that demonstrates excellence in technological innovation and leadership in the industry.

“Hess is an industry-leading player in the U.S. Bakken unconventional play,” said Robert Workman, Chairman, PESA Explorers of Houston. “The company’s 60% improvement in drilling day performance and 58% improvement in drilling cost, in addition to improved productivity and lean manufacturing infrastructure, have positioned Hess as an industry-leading operating performer. And, Hess’ recent Deepwater success of the Tubular Bells field yielding first production in the fourth quarter of 2014 proved that the company was a natural selection to receive the award this year.”

Accepting the award on the company’s behalf were:

  • Mike Turner, Senior Vice-President, Onshore
  • Brian Truelove, Senior Vice-President, Offshore
  • Zhanna Golodryga,  Senior Vice President & CIO Services & IT
  • Richard Lynch, Senior Vice President, Drilling, Completions & Development


PESA has approximately 200 member companies that are equipment manufacturers, well-site service companies and supply companies serving the drilling and production segments of the petroleum industry. 

Related News
  • Hess Announces Significant Reduction to 2020 Capital and Exploratory Budget

    Hess Corporation today announced a revised $2.2 billion capital and exploratory budget for 2020, an $800 million reduction from the previous budget of $3.0 billion. The company also announced a new $1.0 billion three year term loan agreement. These actions further strengthen the company’s cash position and financial liquidity in response to the sharp decline in oil prices.
    Full story
  • John Hess Discusses Oil Price Collapse, Company’s Unique Strengths on CNBC’s Fast Money

    CEO John Hess addressed the far-reaching impact of the oil price war on CNBC’s Fast Money on March 12, saying: “The economic problem we're facing today is a lot more than oil, and the oil price crash could be a catalyst that propels the world into an economic recession.”
    Full story
  • Hess Corporation to Give $12.5 Million Gift to the Salk Institute to Accelerate Development of Plant-Based Carbon Capture and Storage

    Salk’s Harnessing Plants Initiative (HPI) will receive a $12.5 million gift from Hess Corporation to advance two projects to enhance plants’ natural ability to store carbon and mitigate the effects of climate change: the CRoPS program and the Coastal Plant Restoration program. These projects build on the Salk discovery of a crucial gene that will help the team develop plants with larger root systems capable of absorbing and storing potentially billions of tons of carbon per year from the atmosphere.
    Full story