Get alerts:Chief Executive Officer and President Jamie Benard addressed investor questions surrounding the company’s dividend resizing and leadership transition earlier this year, saying the company’s underlying strategy has not changed. Vitesse’s board last week declared a third-quarter cash dividend at an annualized rate of $1.75 per share. Management described hedging as a means of protecting the company’s cash flows and dividend through commodity-price downturns. Development Pipeline and Longer LateralsBenard said Vitesse had 19.4 net wells in its development pipeline as of June 30, including 6.4 net wells being drilled or completed and 13 net permitted locations. About Vitesse Energy (NYSE:VTS)Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States.