ExxonMobil might have secured the title “Explorer of the Year” last month after making another ginormous oil discovery, but there’s another partner on the project soon making hay on a find estimated at 6 billion Bbls of crude—and the name is Hess. New York-based Hess Corporation also happens to be one of the largest oil, gas and water midstream players in the Bakken, where its subsidiary Hess Midstream exclusively focuses. And for good reason—Hess operates more than 800,000 net acres there, producing more than 156,000 BPD of oil.

Hess Midstream

Hess Midstream (NYSE: HESM) is a fee-based, growth-oriented midstream company that owns high-quality infrastructure located in the core of the Bakken.


Between its exotic offshore E&P and joint venture projects in Guyana, Libya, Malaysia/Thailand, Denmark, and the Gulf of Mexico, Hess’ U.S. operations are limited to North Dakota’s Williston Basin. There, the company claims more drilling spacing units in the core of the Bakken play than any other operator. To move all that production, Hess Midstream continues to build upon its extensive integrated network, which includes oil and gas gathering, processing and storage, terminaling and export, and water management for both its own supplies and third parties.

In the sweet spot of the Bakken, Hess operates 1,200 miles of natural gas and NGL gathering pipelines; two gas processing plants; 400 miles of crude oil gathering pipe; a 385 MBPD crude oil terminal; and 250 miles of water-gathering pipelines. The company most recently announced a capacity expansion of its Tioga gas plant from 350 MMCFD to 500.

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