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  "documentTitle": "Hess Corporation (HES)",
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  "authorName": "Elliott Management",
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  "notes": "Uses a combination of bar charts and comparison tables to demonstrate cost inefficiency.",
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      "text": "In 1H 2012, Hess well costs were 39% above Continental when drilling same type of well",
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      "text": "well costs: +39%",
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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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      "kind": "source-note",
      "text": "Sources: Company filings, presentations, earnings call transcripts, North Dakota Industrial Commission",
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      "text": "Unable to Control Well Costs in Resource Plays, Hess Has Switched to a Completion Design Peers Refuse to Use in Similar Acreage",
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