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OFS - Hess JV closes one Bakken water sale & agrees to another - March 2019

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Hess Infrastructure Partners, a JV of Hess Corp. and private equity firm Global Infrastructure Partners, agreed to acquire Williston Basin operator Tioga Midstream as it expands its Bakken produced water network. Summit Midstream Partners will receive $90 million for Tioga, which also has crude and gas gathering operations. HIP is the sponsor of Hess Midstream Partners LP, which will contribute $70 million to receive Tioga’s 73 miles of crude pipelines and 79 miles of......
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