Hess Midstream LP Reports Production Results for the Third Quarter and Nine Months Ended September 30, 2021
October 27, 2021 at 08:00 am EDT
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Hess Midstream LP reported production results for the third quarter and nine months ended September 30, 2021. For the quarter, the company reported Gas gathering of 309,000 Mcf of natural gas per day compared to 316,000 Mcf of natural gas per day a year ago. Crude oil gathering was 106,000 bopd compared to 138,000 bopd a year ago. Gas processing was 285,000 Mcf of natural gas per day compared to 296,000 Mcf of natural gas per day a year ago. Crude terminals were 111,000 bopd compared to 141,000 bopd a year ago. NGL loading was 8,000 blpd compared to 12,000 blpd a year ago. Water gathering was 75,000 blpd compared to 78,000 blpd a year ago.
For the nine months, the company reported Gas gathering of 316,000 Mcf of natural gas per day compared to 320,000 Mcf of natural gas per day a year ago. Crude oil gathering was 111,000 bopd compared to 143,000 bopd a year ago. Gas processing was 297,000 Mcf of natural gas per day compared to 302,000 Mcf of natural gas per day a year ago. Crude terminals were 118,000 bopd compared to 149,000 bopd a year ago. NGL loading was 13,000 blpd compared to 14,000 blpd a year ago. Water gathering was 73,000 blpd compared to 66,000 blpd a year ago.
Hess Midstream LP is a midstream company, which owns, operates, develops and acquires a diverse set of midstream assets to provide services to the Company and third-party customers. The Company owns oil, gas and produces water handling assets that are primarily located in the Bakken and Three Forks Shale plays in North Dakota. The Company has three segments. The gathering segment includes Hess North Dakota Pipeline Operations LP and Hess Water Services Holdings LLC, which owns natural gas gathering and compression, crude oil gathering, and produces water gathering and disposal. The processing and storage segment includes Hess TGP Operations LP and Hess Mentor Storage Holdings LLC, which owns Tioga gas plant, an equity investment in LM Joint Venture and mentor storage terminal. The terminaling and export segment includes Hess North Dakota Export Logistics Operations LP, which owns Ramberg Terminal Facility, Tioga Rail Terminal, Crude Oil Rail Cars and Johnsonâs Corner Header System.