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
  • In the Media: Building a Better Bakken

    Featured in Oil and Gas Investor's "Building a Better Bakken" article, Hess highlights improving cycle times and use of innovative technology to spend less and produce more.
    Full story
  • Hess reports estimated results for second quarter of 2019

    Hess today reported a net loss of $6 million, or $0.02 per common share, in the second quarter of 2019, compared with a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018. On an adjusted basis, the Corporation reported a net loss of $28 million, or $0.09 per common share, in the second quarter of 2019, compared with an adjusted net loss of $56 million, or $0.23 per common share, in the prior-year quarter. The improved after-tax adjusted results reflect increased U.S. crude oil production and reduced exploration expenses, partially offset by the impact of lower realized selling prices and higher depreciation, depletion and amortization expenses.
    Full story
  • Hess  Shows Continued ESG Commitment and Progress in 2018 Sustainability Report

    Hess’ 2018 Sustainability Report provides a comprehensive review of the company’s strategy and performance on environmental, social and governance programs and initiatives.
    Full story