Chevron to Divest its Ownership Interests in Hess Midstream and DJ Basin Crude Midstream Assets

Chevron Corporation announced that several of its subsidiaries have entered into a series of definitive agreements with Hess Midstream LP (NYSE: HESM) to restructure the terms of its Bakken midstream contracts and establish new DJ Basin midstream contracts. The revised agreements extend the Bakken contracts and are expected to reduce Chevron's Bakken unit midstream costs ...