Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
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.
2024-02-23 - A rare earnings miss pushed the wildcatter’s stock down as much as 6%, while larger and smaller peers’ share prices were mostly unchanged. One analyst asked if EOG is like Narcissus.
2024-02-23 - Gas producer Range Resources is focusing on system flexibility to respond to market trends.
2024-02-23 - Barton R. Brookman previously served as President and CEO of PDC Energy and James B. Lebeck served as senior vice president and general counsel since January 2023.
2024-02-23 - A private seller has retained EnergyNet for the sale of a Haynesville Shale 157 well package opportunity in Bienville, Bossier, Casso, De Soto and Sabine parishes, Louisiana.
2024-02-23 - LLOG Exploration’s founder and chairman Gerald A. Boelte unexpectedly passed away on Feb. 22.