In the Media: WSJ cites Hess as Part of Bakken Drilling Resurgence
Hess Corporation Logo header
SEARCH

In the Media: WSJ cites Hess as Part of Bakken Drilling Resurgence

  • BoucingBack_RIGDATA_GRAPHIC
06.15.2017

Drillers are inching back to action in North Dakota’s Bakken shale region, a sign of the recovery of the American oil and gas sector, writes the Wall Street Journal. The revival after a three-year low oil price environment is welcomed by local industry leaders, officials and merchants,

Hess is drilling new wells with four Bakken rigs in place and plans to have six by year-end. Hess has nearly 3,000 locations left to drill in the area—half of which generate a return of at least 15 percent at $50 oil thanks to technological improvements and cost cutting.

“We compete very well with the Permian,” said Mike Turner, senior vice president of global production at Hess, referring to the region of Texas and New Mexico where much shale drilling has concentrated during the downturn in prices.

Full story

Related News
  • Hess Named to 100 Best Corporate Citizens List for 15th Consecutive Year

    Hess Corporation has once again been named to the 100 Best Corporate Citizens list, ranking No. 38 on the 2022 list for outstanding environmental, social and governance (ESG) transparency and performance.
    Full story
  • Going Beyond STEM

    Hess Corporation focuses on areas where the company believes its efforts will have a meaningful and lasting impact.
    Full story
  • Hess Recognized for Diversity, Equity and Inclusion

    Hess Corporation announced recently that it has achieved a top score of 100% on the Human Rights Campaign’s (HRC) Corporate Equality Index for 2022 and earned the designation as one of the Best Places to Work for LGBTQ+ Equality.
    Full story