The Bakken Magazine Interviews Hess’ Bakken VP
Hess Corporation Logo header
SEARCH

The Bakken Magazine Interviews Hess’ Bakken VP

  • Gerbert Schoonman, Vice President, Bakken
09.29.2016

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.

Click here to read the article.

Related News
  • Hess to Participate in Credit Suisse Energy Summit

    Hess announced today that John Hess, Chief Executive Officer, will speak at the Credit Suisse 26th Annual Energy Summit on March 1, 2021 at 8:10 a.m. Eastern Time. A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website.
    Full story
  • Hess Commitment Recognized by Bloomberg and the Human Rights Campaign

    Hess has been recognized on both the @Bloomberg 2021 Gender-Equality Index and the @Human Rights Campaign’s 2021 Corporate Equality Index for our commitment to diversity, societal changes that address racial inequities, and being inclusive. The Bloomberg GEI tracks the financial performance of public companies committed to supporting gender equality through policy development, representation, and transparency. The HRC assesses LBGTQ practices at companies for the Corporate Equality Index. The CEI helps guide the wide-scale adoption of LGBTQ-specific practices and language within existing business structures.
    Full story
  • Hess Donates $2 Million to Houston’s Winter Storm Relief Efforts

    Hess today announced that it is donating $1 million to the Houston Harris County 2021 Winter Storm Relief Fund and $1 million to the Houston Food Bank following the severe winter storm that has significantly impacted communities already suffering from the economic effects of the COVID-19 pandemic. The company will also match donations made by employees through its matching gift program.
    Full story