Tea Leaves: CVX Will Sell Its Hess Assets In North Dakota -- July 31, 2025

Locator: 48746CVX.

Tag: Hess.

Link here.

Tea leaves: CVX will the Hess assets in North Dakota.

• how many net acres did Hess hold in North Dakota: 465,000 net acres
• $5,000 / acre x 465,000 net acres = $2,325.000,000 

From ChatGPT:

There will be a bidding war between Chord Energy and Harold Hamm. Others who might be interested? XTO (XOM), Devon, possibly Phoenix Capital Group. Just tea leaves. No solid rumors.