Hess in the Media: How A Lean-Efficient, Cost-Effective Well Workover Can Do Wonders
When Materion Corp. and Hess Corp. developed and added the new ToughMet Sucker Rod Couplings to Hess wells, run times tripled, workover costs were cut significantly and fluid production increased by 10% to 15%. Hess’s Bakken asset is implementing this solution in 250 wells or more in 2017 to drive costs down for the company by almost $20 million.
Hess Ranked No. 9 on 100 Best Corporate Citizens List of 2020
Hess has once again been recognized as the No. 1 oil and gas company on the 100 Best Corporate Citizens list, ranking No. 9 on the 2020 list for outstanding environmental, social and governance (ESG) transparency and performance. The annual list ranks the Russell 1000 Index of U.S. public companies based on an independent assessment by ISS-ESG.
Hess to Participate in J.P. Morgan 2020 Energy, Power & Renewables Conference
John Hess, Chief Executive Officer, will participate in a Fireside Chat at the J.P. Morgan 2020 Energy, Power & Renewables Conference June 16 at 4:20 p.m. Eastern Time.
A live audio webcast and a replay of the discussion will be accessible via Hess Corporation’s website.
Hess Reports Estimated Results for the First Quarter of 2020
Hess Corporation (NYSE: HES) today reported a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020, including impairment and other after-tax charges of $2,251 million resulting from the low price environment, compared with net income of $32 million, or $0.09 per common share, in the first quarter of 2019. On an adjusted basis, the Corporation reported a net loss of $182 million, or $0.60 per common share, in the first quarter of 2020.