In the Media: Hess’ multi-well pads add value in the Bakken
Hess Corporation Logo header
SEARCH

In the Media: Hess’ multi-well pads add value in the Bakken

  • NorthDakota_MMorrison_0295_140521_Pumpjacks #0160_medium
07.07.2016

Multi-well pads are increasing drilling capabilities and acreage efficiency – and Hess is leading the way. Hess has the Bakken’s largest multi-well pad, with 18 wells on a single location. Inforum’s Amy Dalrymple visited Hess’ operations to get an inside look at how multi-well pads are adding value and reducing the amount of land used for drilling.

Steve McNally, general manager for Hess in North Dakota, told Inforum that multi-well pads make well development more efficient, from acquiring the land to drilling and fracking the well to monitoring wells once they're complete. "It reduces the amount of time through every single step," McNally said.

Click here to read the article

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