Hess Midstream Partners (NYSE:HESM), formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.
Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region. The partnership’s crude oil pipelines connect major wellhead production areas to takeaway pipelines, rail terminals and storage facilities, while its gas processing plants fractionate natural gas liquids and ensure residue gas meets pipeline quality specifications. Saltwater disposal and recycling services help manage produced water volumes, enhancing operational efficiency for upstream operators.
Formed in 2014 as a master limited partnership by Hess Corporation, HESM was structured to capture the growth of Bakken production and to provide Hess and third-party producers with dedicated midstream services. Over its independent operating history, the partnership expanded its asset base through targeted capital investment and long-term agreements, strengthening its position in one of North America’s most prolific unconventional plays.
As a subsidiary of Hess Corporation, Hess Midstream Partners benefits from the parent company’s financial strength and technical expertise. Its management team comprises midstream specialists and engineers with extensive experience in infrastructure development, operations and project management. Governance is overseen by an independent board of directors and a leadership group focused on safe, reliable and sustainable service delivery.
