- Chevron will divest ownership interests in Hess Midstream and its DJ Basin crude oil midstream assets.
- The divestiture is part of a broader restructuring of Chevron's Bakken midstream agreements and the establishment of new DJ Basin midstream contracts.
- Chevron announced the move post-market Tuesday.
Quotes
“Chevron (CVX) said post-market Tuesday it agreed to sell ownership interests in Hess Midstream (HESM) and its DJ Basin crude oil midstream assets as part of a broader restructuring of its Bakken midstream agreements and establishing new DJ Basin midstream contracts.”
“Chevron to divest midstream assets in Bakken restructuring”