Hess Midstream Partners completed the acquisition of Tioga Gathering System from Summit Midstream for $67m.

Hess Midstream Partners, a midstream company, completed the acquisition of Tioga Gathering System from Summit Midstream, which operates midstream energy infrastructure assets, for $67m. "We are excited to extend our infrastructure footprint with the agreement to purchase the Tioga System’s crude oil and gas gathering assets. This bolt-on acquisition leverages our leading contract structure to create value through a competitive acquisition multiple over time for the investment and provides opportunity to expand our midstream services offering," John Gatling, Hess Chief Operating Officer.