Hess Corp is to sell half of its Bakken midstream assets for $2.68billion.
The oil and gas producer will be signing over the assets to Global Infrastructure assets.
The joint venture – which has been valued at $5.35billion – plans to file for an initial public offiering.
Hess previously said in July it plans to form a publicly traded master limited partnership comprising its pipeline and storage assets in North Dakota’s Bakken oil shale field.
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