Thursday, April 2, 2015

RIGZONE - Hess is Mirroring Toyota Manufacturing Process to Slash Well Costs

RIGZONE - Hess is Mirroring Toyota Manufacturing Process to Slash Well Costs: ""This stuff really does work when you have a culture that is behind it," Hess President Greg Hill said in an interview on the sidelines of the DUG Conference in Denver. "We haven't even scratched the surface." Hill, who joined Hess from Shell in 2009, has data to back up his use of Lean manufacturing. Since the first quarter of 2012, the company's well costs have dropped 47 percent in the Bakken to about $7.1 million. For 2015, Hess hopes to cut that to $6.8 million."

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