The Houston, TX-based company, which was founded in 2014 and booked $247 million in sales for the 12 months ended June 30, 2014, plans to list on the NYSE under the symbol HESM. The company will enter into multiple 10-year, fee-based commercial agreements with Hess ( HES ) that will include minimum volume commitments based on dedicated production, inflation escalators and fee redetermination mechanisms. Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security.