HESM 📈 Hess Midstream Partners - Overview

Hess Midstream Partners LP is a leading midstream energy company that owns, develops, operates, and acquires a diverse range of assets across the United States. The company provides fee-based services to its parent company, Hess Corporation, as well as to third-party customers.

The company's operations are divided into three key segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment is responsible for the collection and transportation of natural gas, crude oil, and produced water through an extensive network of pipelines and facilities. This segment boasts an impressive infrastructure, featuring approximately 1,410 miles of natural gas and natural gas liquids gathering pipelines, 570 miles of crude oil gathering pipelines, and 300 miles of produced water gathering pipelines.

The Processing and Storage segment is comprised of several key facilities, including the Tioga Gas Plant, a natural gas processing and fractionation plant located in North Dakota. This plant has the capacity to process and separate natural gas liquids, as well as extract valuable natural gas liquids from the production stream. The segment also includes a 50% interest in the Little Missouri 4 gas processing plant, also located in North Dakota, and the Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Minnesota.

The Terminaling and Export segment is responsible for the transportation and storage of crude oil and other petroleum products. This segment owns and operates several key facilities, including the Ramberg terminal facility, the Tioga rail terminal, and a fleet of crude oil rail cars. Additionally, the segment includes the Johnson's Corner Header System, a crude oil pipeline header system that provides connectivity to various pipeline networks.

Hess Midstream Partners LP was founded in 2014 and is headquartered in Houston, Texas. The company's commitment to providing reliable, efficient, and safe midstream services has enabled it to establish a strong presence in the energy industry. For more information, please visit their website at https://www.hessmidstream.com.