My webpack default config setup for django project.

package.json

{
  "name": "myApp",
  "version": "1.0.0",
  "description": "",
  "main": "index.js",
  "scripts": {
    "test": "echo \"Error: no test specified\" && exit 1"
  },
  "keywords": [],
  "author": "",
  "license": "ISC",
  "dependencies": {
    "materialize-css": "^0.98.0"
  },
  "devDependencies": {
    "babel-core": "^6.24.0",
    "babel-loader": "^6.4.1",
    "babel-preset-env": "^1.2.2",
    "css-loader": "^0.27.3",
    "extract-text-webpack-plugin": "^2.1.0",
    "file-loader": "^0.10.1",
    "path": "^0.12.7",
    "style-loader": "^0.15.0",
    "url-loader": "^0.5.8",
    "webpack": "^2.2.1",
    "webpack-bundle-tracker": "^0.2.0",
    "webpack-dev-server": "^2.4.2"
  }
}

webpack.config.js

var path = require("path");
var webpack = require("webpack");
var BundleTracker = require("webpack-bundle-tracker");
var ExtractTextPlugin = require('extract-text-webpack-plugin');

module.exports = {
    entry: [
        './static/app.js'
    ],
    output: {
        path: __dirname + '/static/bundles/',
        filename: 'app.min.js', 
    },
    module: {
        loaders: [
            {
                test: /\.js$/, exclude: /node_modules/,
                loader: "babel-loader",
                query:{
                    'presets':['babel-preset-env']
                }
            },
            {
                test: /\.css$/,
                use: ExtractTextPlugin.extract({
                    fallback: "style-loader",
                    use: "css-loader"
                })
            },
            { 
                test: /\.(png|woff|woff2|eot|ttf|svg)$/,
                loader: 'url-loader?limit=100000'
             },
            {
                test: /\.(jpe?g|png|gif|svg)$/i,
                loaders: [
                    'file-loader',
                    'image-webpack-loader',
                 
                ]
            },

     ]
    },
    plugins: [
        new BundleTracker({
            filename:'./webpack-stats.json'
        }),
        new ExtractTextPlugin("app.min.css")
    ]
}