Hess Midstream Forecasts 2026 Gas Volume at 450-460 MMcfd

SECAUCUS, NJ (DTN) – Hess Midstream announced Tuesday (12/9) that gas gathering volumes will average 450 to 460 million cubic feet per day (MMcfd) in 2026, driven by demand from primary customer Chevron in the Bakken shale.

The projection reflects Chevron’s commitment to operating a three-rig program in the Bakken, with gas processing volumes expected to average 435 to 445 MMcfd for full year 2026, Hess said.

In the liquids stream, crude oil gathering volumes are anticipated to average 115,000 to 125,000 bpd while crude oil terminaling volumes are expected to average 125,000 to 135,000 bpd.

Hess forecasts an approximate 1.5% growth in annualized gas throughput volumes and relatively flat throughput volumes for oil from 2026 through 2028.

The outlook is consistent with Chevron’s plan to maintain Bakken production at approximately 200,000 bpd, Hess added. Throughout this period, Hess plans to maintain third-party volumes at an average of 10% of total throughput across both its oil and gas systems.