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BS -Hess sees improved IPs and EURs with plug & perf transition - August 13,2019



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With its shift to plug-and-perf from sliding-sleeve completions, Hess is seeing improved well results. Initial 180-day rates are up 15%, and EURs are up an estimated 10-15% to ~1 MMboe. The company drilled 39 new wells, completed 45 and brought 39 online in the Bakken during Q2. Initial flowrates have been released for 36 of the wells, excluding the AN-Bohmbach153-94-2734H-8, at an average 3,148 boe/d (83% oil) from 9,407-ft effective laterals, or 335 boe/d......
 
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