Hess Midstream Partners LP Priced, NYSE: HESM

MLP formed by Hess and GIP to own gathering/processing assets in the Bakken.

Industry: Energy

Latest Trade: $19.31 -0.12 (-0.6%)

First Day Return: +11.3%

Return from IPO: -15.5%

Industry: Energy

We are a fee-based, growth-oriented, traditional master limited partnership initially formed by Hess to own, operate, develop and acquire a diverse set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. Our initial assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota, one of the most prolific producing basins in North America.
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IPO News for Hess Midstream Partners LP
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IPO Data
IPO File Date 09/24/2014
Offer Price $23.00
Price Range $19.00 - $21.00
Offer Shares (mm) 14.8
Deal Size ($mm) $340
IPO Data
IPO Date 04/04/2017
Offer Price $23.00
Price Range $19.00 - $21.00
Offer Shares (mm) 14.8
Deal Size ($mm) $340
Underwriters
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Company Data
Headquarters Houston, TX
Founded 2014
Employees 186
Website www.hess.com