Overview 1 Hess Global Overview 2 Bakken and Utica Asset Overview 3 Leveraging Lean: Practical Lean Principles 4 The Journey Continues: Waste Elimination 2
Unconventionals Strategy Using Lean to drive competitive advantage Grow Portfolio Leverage Maximize Capability Capture new growth Bakken opportunities Value Delivery Consolidate as Leverage Bakken opportunities arise capability…
Hess in Ohio Material Position in the Utica Wet Gas Window Program Highlights 45,000 net acres Hess 50% WI, 95% gross NRI Encouraging 2014 appraisal, Encouraging 2015 nettransitioning 2014 appraisal, prod. 20 Mboe/d to early…
Lean Delivering Significant Improvements The drive to first quartile performance Bakken Well Delivery Utica Well Delivery Drilling Performance: Spud-to-Spud Days Drilling Performance: Spud-to-Spud Days 2012 51% Improvement 68%…
Lean Manufacturing Proven methodology to drive cost and efficiency improvements Well Well Site Hydraulic Handover to Scoping Planning Construction Drilling Fracturing Flowback Operations Repeatable Scalable Standardized Lean…
Structured Problem Solving Robust, shared problem solving method, aligned to business objectives Disciplined approach Team-Based Contributions Incorporate Customers Avoid Solutions Follow Process Concise and accurate definition of…
Operating Rhythm with Visual Controls Scheduled meetings to drive and manage efficiency Open visual meeting space Recurring time dedicated to coordination Expectations are clearly understood Consistent visual Scoreboard Manage by…
Further Standardization Distinctive Lean manufacturing approach 35 Improving Standards to Deliver Better Performance 30 2014 Drilling Cycle Time (Spud-to-Spud) Best Practices Deliver Improvements (Days) 25 P90 P50 30…
Summary Successfully leveraging skillset to other assets Lean manufacturing key enabler Positioned well for low price environment What is the possibility for North America People Make the Difference at Hess 17
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