Basin

Continental Resources Sues Hess for Up to $69 Million Over Alleged Fee Mismanagement in Williston Basin Operations

by

HOUSTON — Continental Resources has filed a lawsuit against Hess Corp., alleging fraudulent activity amounting to as much as $69 million, according to court documents. The legal action, lodged in federal court, claims Hess inflated midstream service fees through transactions involving its subsidiaries, impacting Continental’s revenues from oil and gas production wells. The lawsuit highlights Hess’s operations in the Williston Basin, North Dakota, where it manages approximately 483 wells. Continental Resources, based in Oklahoma, asserts that the excessive fees imposed by Hess Midstream Partners substantially reduced net revenues from hydrocarbons. The company contends that Hess … Read more

Uinta Basin Railway Project Faces Massive Hurdles: Environmental, Financial, and Legal Challenges Cloud its Future

by

Salt Lake City, Utah — A planned railroad project intended to transform the Uinta Basin’s oil transportation could become the largest rail infrastructure undertaking in the U.S. since the 1970s. However, logistical challenges and environmental legal battles might keep this vision from ever materializing. The Uinta Basin Railway, an 88-mile proposed rail line, has stirred controversy among various stakeholders by aiming to move up to 350,000 barrels of waxy crude oil daily from Eastern Utah’s oil fields to Gulf Coast refineries. The ambitious project, supported by state officials and oil companies, could potentially quadruple oil … Read more