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  "documentTitle": "Hess Corporation (HES)",
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      "text": "Cost overruns, if unchecked, could result in $5.6 billion lower Bakken NAV",
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      "text": "Hess wasted millions on Bakken well costs\nIn 2012, Hess underestimated its Bakken costs by $1 billion; having to raise guidance from $2 billion to $3 billion in spending while also reducing production guidance",
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      "text": "Hess has 30% higher well costs on the exact same rock... whenever we are in a well with them, we always try to swap out even if it is into worse acreage.",
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      "text": "Hess has 30% higher well costs on the exact same rock... whenever we are in a well with them, we always try to swap out even if it is into worse acreage. — Senior Executive of Major Bakken Operator (December 2012)",
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      "text": "Sources: Public company filings, corporate presentations and earnings call transcripts",
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      "text": "Board Needs to Improve Operational Focus",
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