Chevrons Hess Deal Leaves Future of Midstream Firm in Question

Knowledge

Chevron Corp.’s mega deal to acquire Hess Corp has thrown into question the future of Hess Midstream Partners.

The terms of the deal so far do not specify whether Chevron will purchase Hess Midstream LP, which transports crude, gas and water in and around North Dakota. Chevron has said it would target divestments of about $10-$15 billion, but hasn’t said what could be included.

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