(Source: Hess Midstream)
Hess Midstream (HESM) said 10 million Class A shares representing limited partner interests in the company will be made available in a public offering, according to a Feb. 5 news release.
Global Infrastructure Partners, an HESM affiliate, will act as the selling shareholder. The plan is for a 30-day option for up to 1.5 million additional Class A shares. Hess Midstream will not receive proceeds from the sale of Class A shares in the offering.
Hess Midstream said Citigroup is serving as bookrunning manager of the offering. The agency underwriting the sale intends to sell Class A shares occasionally in one or more transactions on the New York Stock Exchange. The sale will be through over-the-counter market transactions at market or negotiated prices.
Recommended Reading
Appeals Court Rules in Favor of FERC-Permitted Indiana NatGas Line
2025-01-08 - “As night follows day, an environmental challenge follows the approval of a natural gas pipeline,” a Court of Appeals, D.C. Circuit panel said in ruling in favor of a Boardwalk Pipeline expansion project.
Trump Fires Off Energy Executive Orders on Alaska, LNG, EVs
2025-01-21 - President Donald Trump opened his term with a flurry of executive orders, many reversing the Biden administration’s policies on LNG permitting, the Paris Agreement and drilling in Alaska.
Pioneer to Adapt Emvolon’s Flare Gas-to-Methanol Tech
2025-01-13 - The Department of Energy awarded Pioneer Energy $6 million to demonstrate the technology at an oil and gas facility in the Eagle Ford Shale for 12 months.
Congress Kills Biden Era Methane Fee on Oil, Gas Producers
2025-02-28 - The methane fee was mandated by the 2022 Inflation Reduction Act, which directed the EPA to set a charge on methane emissions for facilities that emit more than 25,000 tons per year of CO2e.
Analysts: DOE’s LNG Study Will Result in Few Policy Changes
2024-12-18 - However, the Department of Energy’s most recent report will likely be used in lawsuits against ongoing and future LNG export facilities.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.