Vitesse Energy Inc. Resolves Litigation with Hess, Secures $24 Million Settlement and Long-term Agreements

Reuters

06-04

<a href="https://laohu8.com/S/VTS">Vitesse Energy</a> Inc. Resolves Litigation with Hess, Secures $24 Million Settlement and Long-term Agreements

Vitesse Energy Inc. has resolved its ongoing litigation with Hess in North Dakota related to post-production deductions from revenues. The case, which was set to go to trial on June 16, 2025, concluded with Vitesse receiving a one-time cash payment of $24 million, expected by June 25, 2025. As part of the resolution, Vitesse will take nearly all of its gas production in-kind from Hess-operated wells starting July 1, 2025. Additionally, Vitesse has entered into long-term agreements for gas gathering, processing, and marketing with Hess affiliates.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vitesse Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001944558-25-000064), on June 04, 2025, and is solely responsible for the information contained therein.

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Resolves Litigation with Hess, Secures $24 Million Settlement and Long-term Agreements\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-04 18:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/VTS\">Vitesse Energy</a> Inc. Resolves Litigation with Hess, Secures $24 Million Settlement and Long-term Agreements\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Vitesse Energy Inc. has resolved its ongoing litigation with Hess in North Dakota related to post-production deductions from revenues. The case, which was set to go to trial on June 16, 2025, concluded with Vitesse receiving a one-time cash payment of $24 million, expected by June 25, 2025. As part of the resolution, Vitesse will take nearly all of its gas production in-kind from Hess-operated wells starting July 1, 2025. 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ID: 0001944558-25-000064), on June 04, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4213","symbol_name":"石油與天然氣的勘探與生產","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250604:nNDL5p3kG1:1","article_id":"2540054615","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540054615","pubTimestamp":1749031283,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Vitesse Energy Inc. has resolved its ongoing litigation with Hess in North Dakota related to post-production deductions from revenues. 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