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  "documentTitle": "Hess Corporation (HES)",
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  "notes": "The slide uses a 'like-for-like' argument to preemptively dismiss comparisons with other operators like Continental, Oasis, and Kodiak.",
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      "kind": "callout",
      "text": "Premier assets of Hess Resource Co. mismanaged by Hess Conglomerate",
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      "text": "When evaluated on an apples to apples basis (sliding sleeve to sliding sleeve), Hess well costs are 17% to 38% above Whiting",
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      "text": "Continental, Oasis and Kodiak are predominately completing their wells using 1) a higher cost Plug & Perf design(3) and 2) substantially more high cost ceramic proppant.(3) They are not appropriate comparables for a well cost comparison.",
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      "kind": "source-note",
      "text": "Sources: Public company filings, corporate presentations, earnings call transcripts and North Dakota Industrial Commission data",
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      "text": "Like for Like, Hess Conglomerate Remains Higher Cost Bakken Operator",
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