Hess-GIP JV signs agreement to acquire Hess's Bakken water services business
The joint venture of Hess Corporation and the Global Infrastructure Partners (GIP), Hess Infrastructure Partners LP, has signed a Memorandum of Understanding (MoU) to acquire Hess’ existing Bakken water services business for US$225 million in cash, subject to customary adjustments and regulatory approvals.
The agreement covers all the produced water, gathering assets, and saltwater disposal services in North Dakota, which currently consist of over 150 miles of existing Hess water gathering pipelines capturing about 24,000 barrels per day of produced water.
The transaction is expected to close by the first quarter of 2019.
Country updates
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December 18, 2018
KBRA rates notes issued by Puerto Rico toll road concessionaire
Kroll Bond Rating Agency (KBRA) has assigned a BBB- rating to senior secured notes issued in 2013 by Autopistas Metropolitanas de Puerto Rico, LLC (Metropistas), a concessionaire is owned by Aber...
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December 18, 2018
Colorado authority to shortlist three teams for highway P3
The Jefferson Parkway Public Highway Authority (JPPHA), an entity of the state government of Colorado, has received five responses to a Request for Qualifications (RFQ) for the design, constructi...
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December 18, 2018
Over 340 attend forum for highway P3 program in Maryland
Last week, the Maryland Department of Transportation (MDOT) held an international industry forum for the I-495 and I-270 Public-Private Partnership (P3) Program. The I-495 and I-270 P3 Program will i...
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December 17, 2018
Michigan state government cancels planned P3 for laboratory project
The State of Michigan’s Department of Management and Budget has scrapped a planned public-private partnership (P3) for the development of a consolidated laboratory facility in Dimondale, Windsor...
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December 17, 2018
US university receives proposal for lab/office development
The University of Kentucky has announced the receipt of an unsolicited proposal to design, build, finance, operate and maintain a 40,000 square foot (~3,700 square metres) office / wet laboratory...
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