Hess Sells Half of Bakken Processing Unit for $2.68 Billion

Updated on

Hess Agrees to $2.68B Bakken Midstream Joint Venture

Hess Corp., the most active oil driller in North Dakota’s Bakken last year, agreed to sell a 50 percent stake in its processing and pipeline unit in the region to private equity firm Global Infrastructure Partners for $2.675 billion in cash.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.