A Q&A with Gerbert Schoonman, vice president for Hess’ Bakken assets, was featured in the September/October 2016 issue of The Bakken Magazine. He discussed how Lean helps Hess increase efficiency and eliminate waste, noting that Hess has reduced Bakken drilling and completion costs from about $11 million in 2012 to below $5 million today.
He also talked about the long-term phase of operating the play’s wells, which he described as the most undertold story of the Bakken. “Everybody talks about the initial decline curves, but what they don’t talk about is how long these wells will produce,” Schoonman said. “How we operate these wells long term is the next story. We expect most of these wells to produce for 30-plus years."
In addition, Schoonman discussed the importance of safety and his experiences at Hess. “Safety must be priority No. 1, 2 and 3,” he said.
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