HESM
- Hess Midstream LP
()
Overview
Company Summary
Hess Midstream LP, commonly known as HESM, is a company that operates in the midstream sector of the oil and gas industry. As a midstream company, HESM focuses on the transportation, storage, and processing of crude oil and natural gas.
HESM primarily works in partnership with its parent company, Hess Corporation, an independent energy company engaged in exploration and production. The main objective of HESM is to provide various midstream services to support and enhance the operations of Hess Corporation.
In terms of its specific activities, HESM operates a portfolio of infrastructure assets, including pipelines, terminals, storage facilities, and processing plants. These assets are strategically located in major North American shale plays, such as the Bakken and Utica regions.
The core operations of HESM can be categorized into three main areas:
1. Gathering and Processing: HESM operates a network of gathering pipelines that transport crude oil and natural gas from production wells to processing facilities. At these facilities, the company separates impurities and processes the raw materials to meet market specifications. This enables the efficient transport of the products to downstream customers and end consumers.
2. Terminaling and Export: HESM owns and operates terminals responsible for storing, blending, and distributing crude oil and refined products. These terminals serve as important hubs for connecting producers, refiners, and end-users, offering storage capacity and logistics services. HESM is also involved in the export of crude oil through marine facilities, ensuring access to global markets.
3. Water Infrastructure: In addition to its core midstream activities, HESM also manages water infrastructure assets. These assets are focused on providing water-related services to support oil and gas production operations. This includes the sourcing, treatment, and disposal of water used in drilling and hydraulic fracturing processes.
By providing essential midstream services, HESM plays a vital role in the energy value chain, facilitating the efficient movement of oil and gas products from the wellhead to market. Through its infrastructure assets and partnerships, HESM contributes to the operational success and profitability of Hess Corporation while ensuring the safe and reliable transportation and processing of hydrocarbon resources.