PRESS RELEASE

HESS RECOGNIZES PARTNERSHIP WITH GTUIT/CATERPILLAR OIL & GAS IN HESS CORPORATION 2015 CORPORATE SUSTAINABILITY REPORT 
 
For Release September 7, 2016

Billings, Montana, USA - GTUIT®, LLC announced that Hess Corporation recognized the three year natural gas liquid (NGL) extraction partnership between the two firms. The recognition came in Hess Corporation 2015 Corporate Sustainability Report . Hess and GTUIT have been working together since 2013 with GTUIT designing, manufacturing and operating well site gas capture and NGL extraction equipment at Hess operations in North Dakota. GTUIT is helping Hess meet targets established in this year's report, specifically, "Set new 2020 targets to reduce flaring intensity by 50 percent and greenhouse gas intensity by 25 percent from 2014 baseline."
 
In 2015, Hess was recognized by CDP, an environmental not-for-profit organization, as a leader among S&P 500 companies for climate change disclosures, and was ranked No. 1 among U.S. energy producers in the Newsweek Green Rankings of the 500 largest publicly traded companies in the U.S. In addition, Hess was recognized as the highest ranking energy company on Corporate Responsibility magazine's prestigious list of 100 Best Corporate Citizens for the seventh consecutive year. Mr. John Hess, CEO stated on their web site "Our mission is to be a trusted energy partner. Sustainability practices are a fundamental part of our business strategy and operations. We are proud of the progress made in our company's long-term sustainable performance and honored to have been recognized once again in 2015 for the quality of our environment, social and governance performance and disclosure." 
 
Brian Cebull, GTUIT President and CEO said "Hess has been a leader in flare capture in the Bakken long before State regulations were put into place. Mr. Hess deserves great credit for his vision and dedication to corporate sustainability." GTUIT was recognized by Hess in their corporate sustainability report for their successes in:
  • Developing equipment that adapts to the ever-changing flow conditions of the well and the changing chemistry of the associated gas (e.g., BTU content, water content)
  • Developing reliable unmanned, mobile and modular equipment
Cebull went on to say "The Hess corporate report also acknowledged the World Bank Global Gas Flaring Reduction Partnership Excellence Award which was presented in September 2015 to Hess and GTUIT/Caterpillar Oil and Gas, for successful use of GTUIT's well site gas capture and natural gas liquid extraction technology to reduce flaring in the Bakken region in North Dakota." 


ABOUT GTUIT®

GTUIT is an industry leader of well-site level associated gas processing that includes innovative hydrogen sulfide removal and gas processing using mobile and modular equipment to recover natural gas liquids (NGLs) and to condition fuel gas. GTUIT provides both proprietary equipment and best-in-class field service with systems that are mobile and scalable from 250 MCFD to 5MMCFD+. 

The firm is focused on providing innovative solutions for stranded gas processing, timely manufacturing and industry leading service that creates value for its customers. GTUIT was recently recognized by Inc. magazine in their 2016 annual Inc. 500 listing as one of the fastest growing privately held firms in the U.S. at number 203. More information is available at www.GTUIT.com , Facebook , Twitter , Google+, and LinkedIn.

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Source: GTUIT®, LLC 
For Additional Information contact:
George Chedsey | 406.867.6700
 
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