Chevron-Hess Deal Leaves Midstream Firm’s Future in Question (1)

Chevron Corp.’s mega deal to acquire Hess Corp has thrown into question the future of Hess Midstream Partners.

The terms of the deal so far do not specify whether Chevron will purchase Hess Midstream LP, which transports crude, gas and water in and around North Dakota. Chevron has said it would target divestments of about $10-$15 billion, but hasn’t said what could be included.

“As the deal is still pending, we really haven’t reached a view on that yet, though our intent is to create value for all shareholders,” a Chevron spokesperson said.

WATCH: Chevron Corp. CEO Mike Wirth and Hess Corp. CEO John Hess talk about their $53 billion merger.

Source: Bloomberg

For now, Hess Midstream’s ...