Hess Midstream to Acquire Tioga Gathering System
2/26/2019
Hess Midstream Partners subsidiary Hess North Dakota Pipelines agreed to purchase the crude oil and gas gathering assets of Summit Midstream Partners’ Tioga Gathering System for about $60 million gross – $12 million net to Hess Midstream.
The crude oil and gas gathering assets include 73 miles of crude pipelines and 79 miles of gas pipelines. Separate water assets to be acquired include 75 miles of produced water gathering pipelines.
The Tioga System, located in Williams County in western North Dakota, is complementary to Hess Midstream’s infrastructure, and is delivering volumes into Hess Midstream’s gathering system.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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