Hess signs US Bakken deal

Written by  John McKay
Friday, 12 June 2015
Free Read

June 12 (LNGJ) - Hess Corp. the New York-based energy company with plans to sign a tolling agreement for LNG production in Western Australia, said it had agreed to sell a 50 percent interest in its US Bakken shale midstream assets in North Dakota to Global Infrastructure Partners, a leading global infrastructure investor for $2.67 billion in cash. John Hess, Chief Executive of the New York company, said: "This transaction delivers significant and immediate value to our shareholders. The joint venture with its strategically located assets will be one of the largest midstream operators in the Bakken."

Last modified on Friday, 12 June 2015 06:26
Rate this item
(0 votes)

Related Video

Free Read