Hess delivers on Bakken midstream MLP

摘要

Hess midstream partners, the Bakken Shale midstream MLP affiliated with Hess Corp, left littte to chance on its IPO, carving out a conservative path. hess, after all, had been down this road before and a successful outcome was significant to its own funding plans. Goldman Sachs and Morgan Stanley, the actives among six bookrunners, set that funding course in placing 14.78m Hess Midstream units at US$23, well above the US$19-$21 indicative range and an increase from 12.5m units at launch.