Vitesse Energy, Inc.

From time to time we are subject to legal, administrative and environmental proceedings before various courts, arbitration panels and governmental agencies concerning claims arising in the ordinary course of business. These proceedings include certain contract disputes, additional environmental reviews and investigations, audits and pending judicial matters. Based on our current knowledge, we believe that the amount or range of reasonably possible losses will not, either individually or in the aggregate, materially adversely affect our business, financial condition and results of operations.

As previously disclosed, we were the plaintiff in an ongoing dispute in state court in North Dakota with one of our operators related to post-production revenue deductions. Effective as of May 28, 2025, we resolved this pending litigation in North Dakota with Hess. As part of the settlement, we received a one-time cash payment of $24 million, elected to take virtually all of our gas production from Hess-operated wells in-kind commencing July 1, 2025 and entered into long-term gas gathering, processing and marketing agreements with Hess affiliates. For additional information, please see Note 9 (“Commitments and Contingencies”) to the Condensed Consolidated Financial Statements.

The results of any litigation cannot be predicted with certainty, and an unfavorable resolution in any legal proceedings could materially affect our business, financial condition and results of operations. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.