Hess Midstream LP Hess Midstream?s general partner has appointed new members to its Board of Directors (the ?Board?) and has appointed new executive officers. As a result of the merger, Chevron beneficially owns Hess? approximately 37.8% interest in Hess Midstream on a consolidated basis.
Effective immediately, John B. Hess, Chairman and Chief Executive Officer, Gregory P. Hill, President and Chief Operating Officer of Hess Corporation, and John P. Rielly, Executive Vice President and Chief Financial Officer of Hess Corporation will leave the HESM Board. Andy Walz, President, Chevron Downstream, Midstream & Chemicals, will join the Board and serve as Chairman. Joining Walz on the Board from Chevron are Kristen Ghattas and Kristi McCarthy.
Hess Midstream LP is a midstream company, which owns, operates, develops and acquires a diverse set of midstream assets to provide services to the Company and third-party customers. The Company owns oil, gas and produces water handling assets that are primarily located in the Bakken and Three Forks Shale plays in North Dakota. The Company has three segments. The gathering segment includes Hess North Dakota Pipeline Operations LP and Hess Water Services Holdings LLC, which owns natural gas gathering and compression, crude oil gathering, and produces water gathering and disposal. The processing and storage segment includes Hess TGP Operations LP and Hess Mentor Storage Holdings LLC, which owns Tioga gas plant, an equity investment in LM Joint Venture and mentor storage terminal. The terminaling and export segment includes Hess North Dakota Export Logistics Operations LP, which owns Ramberg Terminal Facility, Tioga Rail Terminal, Crude Oil Rail Cars and Johnsonâs Corner Header System.
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