Hess Midstream to acquire Chevron's DJ Basin assets in deal

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Go back to Hess Midstream to acquire Chevron's DJ Basin assets in deal

Hess Midstream LP Announces Transformative Transaction Leading to New Independent Multi-basin Midstream Company

October 6, 2026 5:20 PM EDT

Highlights:

Hess Midstream LP and Chevron have executed a definitive agreement that will establish Hess Midstream LP as an independent, multi-basin midstream company. The transaction includes the following: Hess Midstream LP will acquire Chevrons crude oil and natural gas gathering and storage assets in the Denver Julesburg (DJ) Basin, including a minority interest in a long-haul pipeline, which will diversify Hess Midstream LPs geographic presence and increase third-party revenues. Hess Midstream LP and Chevron will amend their existing Bakken commercial agreements, further aligning long-term... More