"...in the Bakken enjoy a $73/boe price advantage compared to about $14/boe for the shale gas operators."
On this Clownie,
"Maybe you ought to find out how much the EUR Hess thinks their average Bakken well will ACTUALLY (realistically) produce. Then get back to us, Mr. Wizard."
Hess is NOW getting EUR's for their dual laterals in the Bakken at ONE MILLION Bbls.
So, I think they will get a net Profit of not merelt $20 Million like the State of ND numbers but adjusted for the 1 million EUR which would be a NET profit for each Hess dual lateral 1 million EUR Bakken Well of $32,500,000.
Why don't you take a quick look at their published info on their Bakken development ....you might learn something for a change:
"Large Captured Resource in Important Strategic Resource PlayUnconventional oil important to energy supply
Hess has 500,000 acres (800 MMBOE of resource)
Can grow production to sustainable 80,000 BOEPD
Robust Economics & Strong UpsideWells produce high quality (WTI-like) oil
Break even returns at $40/barrel WTI; Upside at higher prices
Established Operator / Early Play DeveloperLow risk US onshore location –minimal geopolitical risk, balances portfolio
Operating in Williston Basin since 1950s (infrastructure in-place)
Aggressive acreage acquisition campaign commenced 2004
Platform to apply, refine, and leverage “Lean Execution”Economics enabled by manufacturing approach (repetitive process continuous improvement)
Scale allows dedicated focus to develop excellence and apply to analogous plays
Unconventionals growing part of portfolioBuild expertise and reputation in Unconventionals
International expansion: Hess recognized as partner of choice."