Market Chatter: Hess Sued by Continental Resources Over Alleged $69 Million Midstream Overcharges

MT Newswires Live

May 20, 2025

Hess Corp. (HES) was accused by Continental Resources of using affiliated entities to inflate service fees and divert up to $69 million in revenue, Reuters reported Monday, citing a federal lawsuit.

Continental said Hess structured deals to benefit Hess Midstream, where it holds a 38% stake, at the expense of other working interest owners, according to the report.

The lawsuit claimed Continental's share of oil and gas revenue from 483 North Dakota wells was significantly reduced due to excessive midstream charges, Reuters reported.

The wells are operated by Hess Bakken Investments, with Continental as a non-operating partner, the news outlet added.

A Hess spokesperson was not immediately available for comment, while Continental Resources did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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(HES) was accused by Continental Resources of using affiliated entities to inflate service fees and divert up to $69 million in revenue, Reuters reported Monday, citing a federal lawsuit.</p><p>Continental said Hess structured deals to benefit Hess Midstream, where it holds a 38% stake, at the expense of other working interest owners, according to the report.</p><p>The lawsuit claimed Continental's share of oil and gas revenue from 483 North Dakota wells was significantly reduced due to excessive midstream charges, Reuters reported.</p><p>The wells are operated by Hess Bakken Investments, with Continental as a non-operating partner, the news outlet added.</p><p>A Hess spokesperson was not immediately available for comment, while Continental Resources did not immediately respond to MT Newswires' request for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z3B42.SGD","symbol_name":"Legg Mason ClearBridge - Value A Acc SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2536614809","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536614809","pubTimestamp":1747740947,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Hess Corp. 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