Hess Midstream to acquire Chevron DJ Basin midstream assets
Hess Midstream agreed to buy Chevron affiliates’ DJ Basin midstream platform for $200 million cash plus CMH working capital, consolidating control of certain GP entities and gaining a right for new Bakken commercial agreements.
Hess Midstream signed a Purchase and Sale Agreement with Chevron affiliates to acquire Chevron's DJ Basin midstream platform and to consolidate control of its GP entities. The deal calls for $200 million in cash, plus CMH working capital and a right that would enable new Bakken commercial agreements.