Hess Midstream
NYSE-listed midstream company gathering, processing and terminalling oil, gas and water in the Bakken. On October 6, 2026 it agreed to take Chevron's ownership and general partner interests and Chevron's DJ Basin crude midstream assets, becoming an independent multi-basin company under a new name.
Record verified against agent research 2026-10-22 as of 2026-10-07 (Hess Midstream and Chevron releases, SEC filings; Reuters via BOE Report). Tracked since 2026-10.
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Agrees to take Chevron's stake and DJ Basin crude midstream assets
Hess Midstream agreed to pay Chevron $200 million in cash for Chevron's ownership and general partner interests and its DJ Basin crude midstream assets, with Bakken contracts extended to 2045 on fixed fees. Closing is expected by year-end 2026, after which the company will operate independently under a new name.