The company's assets are primarily located in the Bakken and Three Forks Shale plays in North Dakota and include natural gas gathering and compression, crude oil gathering, and produced water gathering and disposal. Hess Midstream operates through three segments: gathering, processing and storage, and terminaling and export, with the gathering segment generating the most revenue. The company provides services to Hess and third-party customers and aims to acquire and develop a diverse set of midstream assets.