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Industry Leading Operating Performance

Hess has earned a reputation for top-quartile performance in unconventional oil and gas production in the U.S.   Our Onshore team is recognized as an industry-leading operator in two key U.S. shale plays — the North Dakota Bakken and Three Forks formations, where we produce shale oil and gas, and the Ohio Utica Basin, where we primarily produce natural gas and natural gas liquids (NGLs).  The culture in our Onshore operations is driven by Lean manufacturing principles and the search for continual improvement and efficiency.

  • Driving Value in the Bakken

    Driving Value in the Bakken

    With its industry-leading acreage position, Hess’ Bakken operations in North Dakota are competitive with the best shale-oil plays in the world.  Through the application of lean manufacturing techniques our wells continue to be among the lowest cost and most productive in the Bakken.  We have more drilling spacing units in the core of the play than any other operators and our initial production rates continue to increase as we have moved to 50-stage completions.   We have also successfully tested tighter well spacing which has allowed us to increase our net estimated ultimate recovery from the Bakken to 1.6 billion barrels of oil equivalent from our previous estimate of 1.4 billion barrels of oil equivalent.

  • Well positioned in the Utica

    Well Positioned in Utica

    Hess is well positioned for future growth in the Utica shale play in eastern Ohio, where our acreage is in the heart of the wet gas window.  Hess benefits from a high net revenue interest and our wells are highly productive with significant liquids content.  Drilling and completion costs have been reduced by 30 percent by applying the same Lean manufacturing techniques used at our Bakken asset in North Dakota.

  • Bakken midstream operations

    Advantaged Bakken Midstream Infrastructure

    In 2015, Hess sold a 50 percent interest in our Bakken midstream assets and formed a joint venture with Global Infrastructure Partners, which resulted in total cash proceeds to Hess of $3 billion. The midstream joint venture assets include the Tioga Gas Plant, the Tioga Rail Terminal, a crude oil truck and pipeline terminal and the crude oil and natural gas gathering systems in North Dakota.  Hess retains operational control of the venture, which makes the joint venture one of the largest midstream operators in the Bakken.

  • Maximizing oil production in the Permian Basin

    Maximizing Oil Recovery in the Permian Basin

    The Hess-operated San Andres Unit in the West Texas Permian Basin has been productive since 1937.  Hess uses carbon dioxide injection technology to maximize oil recovery here.  The company has developed an expertise in this technology that will extend production by more than 40 years in the asset’s Residual Oil Zone.  That same knowledge may be employed in the future at other Hess assets to increase recovery and production. The Seminole Gas Processing plant is strategically located in close proximity to our operations here and was recently expanded to increase capacity.  In the Permian Basin, as at other company operations, Hess is realizing the benefits of applying Lean manufacturing techniques to increase production and reduce costs.