Hess Corp., is selling half of its stake in Bakken midstream assets to Global Infrastructure Partners for $2.68 billion. The JV of $5.35 Billion would initiate an IPO on closing. View the full release here.
Abraxas Petroleum Corporation., has announced to buy the additional Bakken/Three Forks interest of 210 Acres. The firm has also reaffirmed its borrowing base $165 million. View the full release here.