Hess Midstream Partners LP (NYSE: HESM) — Company Overview, News & Financial Data
Hess Midstream Partners LP offers processing, storage, and transportation solutions primarily for the energy sector.
Hess Midstream Partners LP
Hess Midstream Partners LP is a fee-based midstream energy company that owns, operates, and develops midstream infrastructure assets. The company provides crude oil, natural gas, and produced water gathering, processing, storage, and terminaling services to Hess Corporation and third-party customers. Its assets are primarily located in the Bakken and Three Forks Shale plays within the Williston Basin of North Dakota. Operating through three key business segments—gathering, processing and storage, and terminaling and export—the company utilizes interconnected gathering systems, natural gas processing plants, crude oil terminaling facilities, and pipeline export connections to transport and process energy resources.
Snapshot
Operations
Products and/or services of Hess Midstream Partners LP
- Gas Gathering & Compression: Gathering natural gas from wellheads through interconnected low-pressure and high-pressure pipeline networks across the Bakken and Three Forks shale formations in North Dakota, delivering raw gas to central processing facilities.
- Gas Processing & NGL Fractionation: Operating natural gas processing plants, including the Tioga Gas Plant in North Dakota, to remove liquid hydrocarbons, treat natural gas, and fractionate natural gas liquids into propane, butane, and natural gasoline products.
- Crude Oil Gathering: Transporting crude oil from field gathering locations through dedicated underground pipeline networks in the Williston Basin directly to central storage facilities, third-party pipelines, and long-haul transport connections.
- Crude Oil Terminaling & Export: Providing crude oil storage, truck unloading, and rail loading services at facilities such as the Ramberg Terminal Facility and Tioga Rail Terminal, facilitating crude oil delivery to national refining markets.
- Produced Water Gathering & Disposal: Collecting produced water from oil and gas operations via high-pressure pipeline systems and transporting it to saltwater disposal wells and handling facilities to support environmental compliance and field operations.
- Underground Gas Storage: Providing natural gas storage capacity and operational flexibility through underground storage reservoirs and interconnecting pipeline infrastructure in North Dakota to balance seasonal production and supply requirements.
Hess Midstream Partners LP executive team
- Mr. Jonathan C. SteinChief Executive Officer
- Mr. Michael S. BastPresident & Chief Operating Officer
- Mr. Michael James ChadwickChief Financial Officer
- Jennifer GordonVice President of Investor Relations
- Ms. Gabriela Betsabe Boersner NogueraGeneral Counsel & Secretary