Hess Midstream Partners (NYSE:HESM) (NYSE: HESM) is a midstream energy partnership focused on providing gathering, compression, processing, transportation and storage services for crude oil, natural gas liquids (NGLs) and produced water. Established in 2014 as a strategic infrastructure platform of Hess Corporation, the partnership owns and operates an extensive network of pipelines, processing plants and storage facilities designed to support crude oil and gas production in key North American basins.
The partnership’s core assets are located in the Bakken and Three Forks plays of North Dakota and Montana, as well as the Delaware Basin in West Texas and southeastern New Mexico. In these regions, Hess Midstream Partners gathers crude oil and produced water from well sites, transports fluid streams via an integrated pipeline system, and provides processing and fractionation services to extract and separate NGLs. The partnership also offers saltwater disposal services and crude oil conditioning solutions to meet specifications for downstream markets and refineries.
Supported by Hess Corporation’s upstream operations, Hess Midstream Partners serves both its parent company and a diverse set of third-party producers. The partnership’s assets include compressor stations designed to maintain optimal flow rates, treaters and stabilizers for crude quality control, and fractionation plants capable of producing market-ready propane, butane and ethane. Its geographic footprint and interconnectivity to major export terminals and intrastate pipelines enhance the reliability and efficiency of midstream services in these prolific basins.
Governed by a board of directors with deep experience in energy infrastructure and operations, Hess Midstream Partners is led by a management team drawn from Hess Corporation and the broader midstream sector. The partnership benefits from operational oversight, technical expertise and financial support provided through its general partner, Hess Midstream GP LLC, which holds a controlling interest in the business and aligns long-term growth objectives with those of its unitholders.
