Hess Midstream Signs Definitive Agreement to Acquire DJ Basin Assets

Key Facts

1Hess Midstream LP announced a definitive agreement for the acquisition of assets in the DJ Basin.

Hess Midstream LP announced a definitive agreement for the acquisition of assets in the DJ Basin. Seeking Alpha reported that the move is part of a strategic effort to expand the company's footprint in the region as it outlines a broader strategy to transition into an independent company structure.

HESM closed at $38.69 on October 6, 2026, with the stock reaching a day high of $38.85 and a low of $38.05 during that session. The agreement with Chevron is intended to establish Hess Midstream as an independent multi-basin midstream energy company.