Hess Midstream LP (HESM) USD1 A
Hess Midstream LP is a fee-based midstream company. The Company owns, operates, develops and acquires a diverse set of midstream assets and provides fee-based services to Hess Corporation (Hess) and third-party customers. The Company owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. It operates through three segments: gathering, processing and storage, and terminaling and export. Its gathering segment includes Hess North Dakota Pipeline Operations LP and Hess Water Services Holdings LLC, which owns natural gas gathering and compression, crude oil gathering, and produced water gathering and disposal. Its processing and storage segment includes Hess TGP Operations LP and Hess Mentor Storage Holdings LLC, which owns Tioga Gas Plant, Mentor Storage Terminal and a natural gas processing plant located in McKenzie County, North Dakota through an LM4 joint venture.
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