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John Hess on the 'new chapter' for oil prices, US shale production

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Listen: John Hess on the 'new chapter' for oil prices, US shale production

Many are watching US oil producers after the deal between OPEC and non-OPEC producers and Donald Trump's election, and John Hess, CEO of Hess Corporation, shares his thoughts about the future of US shale.

Hess talks with senior oil editors Meghan Gordon and Brian Scheid about how quickly American shale producers could realistically ramp up production -- and to what levels -- and how prices will guide any growth. Additionally, he discusses breakeven prices, the role of shale to help meet global demand, future regulatory concerns and infrastructure, including the Keystone XL and Dakota Access Pipeline.

Capitol Crude will be taking a winter break to celebrate the holidays and will return January 9 with a new episode. In the meantime, catch up on past episodes in the archives.

Check back every Monday for the latest analysis of US oil policy news from leading Platts editors covering the Capitol. E-mail the editors at and

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