Monday, March 4, 2013

Hess to Monetize Bakken Midstream Assets

In a letter to shareholdersHess Corp. has announced plans to complete its transformation into a pure-play energy exploration and production company by exiting its remaining downstream businesses (refining, marketing and trading) and pursuing the monetization of its midstream (pipelines, gathering systems and processing plants) assets in the Bakken shale play. Read more

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