Harvest Midstream

What Harvest Midstream does

Harvest Midstream Company is a privately held, Houston-based midstream energy services provider founded in 1993 and affiliated with Hilcorp Energy Company. The company owns, operates, and acquires critical energy infrastructure spanning over 6,000 miles of crude oil and natural gas pipelines, gas processing and treatment facilities, storage terminals, and LNG assets across nine U.S. states — Alaska, Colorado, Louisiana, New Mexico, Ohio, Pennsylvania, Texas, Wyoming, and Utah — covering the Bakken, Eagle Ford, Permian, Four Corners, Uinta/Green River, Cook Inlet, and North Slope basins. Notable assets include a 49% stake in the 800-mile Trans-Alaska Pipeline System (TAPS, ~1.1 million bpd capacity), the 24-mile, 600,000 bpd Ingleside Pipeline, the 10-million-barrel Harvest Midway Terminal, the 1-million-barrel Belle Chasse Terminal, and approximately 845 MMcf/d of gas processing capacity across the Uinta and Green River basins after the 2025 MPLX acquisition. Recent strategic additions include the Kenai LNG import terminal conversion (2025) and the North Slope LNG facility near Deadhorse, producing up to 150,000 gallons per day for delivery to Fairbanks via Interior Gas Utility.

Harvest generates revenue primarily through regulated pipeline tariffs filed with FERC, the Louisiana Public Service Commission, the Texas Railroad Commission, and the Regulatory Commission of Alaska, applying transaction-based take-rate pricing to gathering, transportation, processing, treatment, and terminalling services. Long-term contracts with electric utilities (Chugach Electric Association, Interior Gas Utility), Gulf Coast refiners (Valero, PBF Energy, Phillips 66, Flint Hills Resources), and a wide spectrum of upstream oil and gas producers from small independents to multinationals anchor recurring fee-per-volume economics. The go-to-market motion is enterprise field sales with direct service delivery through owned infrastructure and an online tariff portal for customer transparency.

Harvest's business model is built on a serial-acquisition strategy. Since 2017 the company has deployed over $3 billion across transactions including Williams' Four Corners Area assets ($1.125 billion), BP's Alaska midstream interests (~49% TAPS stake), Phillips 66's Belle Chasse Terminal, Ares Management's Paradigm Midstream, BlackRock's Arrowhead Gulf Coast Holdings stake, MPLX LP's Uinta and Green River Basin assets ($1 billion), and Marathon Petroleum's Kenai LNG facility ($1 billion). The company issued its first public bond offering in 2020, raising $600 million to support this expansion program.

Name

Harvest Midstream

Legal name

Harvest Midstream Company

Website

https://harvestmidstream.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

Harvest Midstream is a privately held, Houston-based midstream energy services provider operating 6,000+ miles of crude oil and natural gas pipelines, processing facilities, storage terminals, and LNG assets across nine U.S. states for utilities, refiners, and oil and gas producers.

Ownership category

akta.pro rank

Product category

Midstream Energy Services

NAICS

Pipeline Transportation of Crude Oil (4861), Pipeline Transportation of Natural Gas (48621), Pipeline Transportation of Refined Petroleum Products (48691), Other Pipeline Transportation (4869)

SIC

Pipe Lines (No Natural Gas) (4610), Natural Gas Transmission (4922), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Pipeline Operations, Integrity & Control (SCADA, Pigging, Leak Detection) (EUALADAK)

akta.pro secondary industries

Crude Oil Gathering Pipeline Transportation (Upstream Field Gathering) (TLAGAAAB), Midstream Commercial Services (Capacity Marketing, Balancing & Scheduling) (EUAAACAL), Crude Oil Batch Scheduling, Dispatch & Control (SCADA/Control Centers) (TLAGAAAG)

Keywords

• Midstream energy services
• Crude oil transportation
• Natural gas processing
• Pipeline infrastructure
• LNG terminal operations

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Others

Revenue model

1. Pipeline Transportation Services: Gathering, transportation, and processing of crude oil and natural gas through owned pipeline infrastructure. Revenue generated through pipeline tariffs charged to shippers.
2. Natural Gas Gathering and Processing: Collection and processing of natural gas from production fields, including treating and fractionation services across multiple basins including Uinta, Green River, Bakken, Eagle Ford, and San Juan Basin.
3. LNG Terminal Operations: Liquefied natural gas import terminal services at Kenai facility and LNG production at North Slope Deadhorse facility for distribution to utilities and end users.
4. Crude Oil Terminalling: Storage and terminalling services for crude oil at facilities including the Harvest Midway Terminal, Belle Chasse Terminal, and connection to multiple export facilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Harvest Midstream operates over 6,000 miles of pipeline infrastructure across seven U.S. states, providing gathering, transportation, processing, treatment, and terminalling services for crude oil and natural gas. The company also operates crude oil storage terminals and LNG production/import facilities, generating revenue primarily through regulated pipeline tariffs and transaction fees charged to shippers.

Product overview

Harvest Midstream is a privately held midstream services provider offering a comprehensive suite of services for crude oil and natural gas including gathering, storage, transportation, treatment, and terminalling. The company operates a national footprint spanning Alaska, Colorado, Louisiana, New Mexico, Ohio, Pennsylvania, Texas, Utah, and Wyoming through over 6,000 miles of pipeline. Key products include pipeline transportation systems (Trans-Alaska Pipeline System, Kenai Beluga Pipeline, Eagle Ford Pipeline Systems, BOA/CAM Systems, Bakken Gathering Systems, Four Corners/San Juan Basin Systems, and the Uinta/Green River Basin Gas Gathering Assets acquired from MPLX), terminalling facilities (Ingleside Pipeline, Harvest Midway Terminal, Belle Chasse Terminal, and Louisiana Gulf Coast Terminal Systems), gas processing and treatment services (Ironhorse, Stagecoach, Blacks Fork, Vermilion, and San Juan Gas Plants), and LNG infrastructure (the Kenai LNG Import Terminal development project and the North Slope LNG Facility near Deadhorse). The company serves customers ranging from small producers to multinational oil and gas companies across major U.S. energy basins.

Differentiator

Problem solved

Functional benefit

Products and services

• Pipeline Transportation Services
• Trans-Alaska Pipeline System (TAPS) Transportation Services
• Ingleside Pipeline

Quantifiable outcome

• 79% lower Total Recordable Incident Rate (TRIR) than industry average
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• MPLX LPcoreOthers · 27 August 2025Acquisition of extensive natural gas gathering and processing network in Uinta and Green River basins across Wyoming, Utah, and Colorado for $1 billion. Assets include approximately 1,500 miles of pipelines and 845 million cubic feet per day processing capacity.
• Chugach Electric AssociationcoreStrategic or Co-development Partner · 6 February 2025Partnership with Alaska's largest member-owned electric cooperative (serving 91,000+ members) to redevelop the Kenai LNG terminal for importing LNG to address Southcentral Alaska natural gas shortages. Harvest would own, develop and operate the LNG terminal allowing Chugach to secure additional gas supplies.
• Marathon Petroleum Corporation (MPC)coreStrategic or Co-development Partner · 6 February 2025MPC agreed to sell the Kenai LNG facility to Harvest for redevelopment as an import terminal. MPC's Kenai refinery requires reliable natural gas supply, making this partnership critical for Alaska energy needs.
• Interior Gas Utility (IGU)coreStrategic or Co-development Partner · 18 January 2023Long-term agreement to construct and operate natural gas treating, liquefaction, and truck loading facility near Deadhorse, Alaska. Successfully delivered first-ever North Slope LNG to Fairbanks, producing up to 150,000 gallons per day.
• Phillips 66coreOthers · 21 December 2022Acquisition of Belle Chasse Terminal in Plaquemines Parish, Louisiana - former Alliance Refinery converted to crude oil terminal with 1 million barrels storage capacity and two loading docks on 3,200 acres.
• BlackRock Real AssetsminorOthers · 20 July 2022Acquired remaining 37.5% stake in Arrowhead Gulf Coast Holdings from BlackRock Real Assets, bringing AGCH under full Harvest ownership. System includes nearly 300 miles of crude pipelines serving Louisiana refinery market.
• Hilcorp AlaskacoreStrategic or Co-development Partner · 14 September 2021Joint sponsorship as Principal Partners of the Iditarod Trail Sled Dog Race. Both companies are affiliates under Hilcorp Energy Company, with combined significant operations in Alaska including Cook Inlet and North Slope.
• BPcoreOthers · 18 December 2020Acquired BP's approximately 49% interest in Trans-Alaska Pipeline System (TAPS), 49% of Alyeska Service Company, and other Alaska midstream interests following Regulatory Commission of Alaska approval.
• Moda MidstreamcoreTechnology or Integration · 23 June 2020Bi-directional pipeline connections between Harvest's Ingleside Pipeline and Moda Midstream's Taft Terminal, enabling Moda to receive and deliver crude volumes from/to Harvest's system.
• Flint Hills ResourcescoreChannel Partner/ Reseller/ Distributor · 5 November 2019Ingleside Pipeline connects to Flint Hills Resources Ingleside Terminal for crude oil export, providing Harvest customers direct access to this Gulf Coast export facility.
• South Texas Gateway Terminal (Buckeye Partners)coreChannel Partner/ Reseller/ Distributor · 5 November 2019Ingleside Pipeline connects to South Texas Gateway Terminal being developed by Buckeye Partners for crude oil export services.
• WilliamscoreOthers · 1 October 2018Acquired Four Corners Area assets from Williams for $1.125 billion, including more than 3,700 miles of pipeline, two gas processing plants, and one CO2 treatment facility in San Juan and Rio Arriba Counties, NM and La Plata County, CO.

Scale indicators16 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Enterprise Products Partners: One of the largest publicly traded midstream MLPs in the U.S. with a diversified portfolio of natural gas processing, NGL fractionation, crude oil pipelines, and export terminals across the Gulf Coast and major basins. Comparable to Harvest's broad crude oil and natural gas midstream franchise, though Enterprise operates at much larger scale and broader geographic scope.
• Energy Transfer: Large diversified midstream operator with crude oil, natural gas, NGL, and refined products pipelines plus export terminals across major U.S. basins. Comparable to Harvest's broad midstream franchise with similar crude gathering, transportation, and Gulf Coast export focus, though at significantly larger scale.
• Kinder Morgan: One of the largest North American energy infrastructure companies with ~83,000 miles of pipelines transporting natural gas, refined products, crude oil, and CO2. Comparable to Harvest in pipeline transportation focus; Harvest President Sean Kolassa came from PG&E and previously worked with El Paso Corporation, which merged into Kinder Morgan.

Direct peers

• Plains All American Pipeline: Major publicly traded crude oil midstream operator with extensive gathering, transportation, and terminalling assets across key U.S. basins (Permian, Eagle Ford, Bakken) plus Gulf Coast export infrastructure. Directly comparable to Harvest's crude gathering and Gulf Coast export complex; Harvest's VP of Texas previously spent 17 years at Plains.
• MPLX: MPLX is Marathon Petroleum's midstream MLP focused on crude oil, natural gas, and NGL gathering/processing/transportation, with major Permian and Rocky Mountain exposure. Directly comparable to Harvest — Harvest acquired $1B of MPLX's Uinta and Green River basin gas gathering and processing assets in 2025.
• Williams Companies: Major natural gas-focused midstream operator with extensive gathering, processing, and transportation assets, particularly in the Four Corners, Rockies, and Gulf regions. Highly comparable — Harvest acquired Williams' Four Corners assets for $1.125B in 2018, and several Harvest VPs (e.g., Joe Weaver) came directly from Williams' gathering and processing operations.
• Targa Resources: Major publicly traded midstream company focused on natural gas gathering, processing, and NGL production/transportation, with significant Permian and other U.S. basin exposure. Comparable to Harvest's natural gas gathering and processing operations, including the newly acquired Uinta and Green River basin assets.
• ONEOK: Midstream operator focused on natural gas gathering/processing and NGL transportation, with large-scale operations in the Bakken, Permian, Mid-Continent, and Rocky Mountain regions. Comparable to Harvest's natural gas gathering, processing, and NGL-related services across multiple basins.

Emerging players

• Crestwood Equity Partners: Midstream partnership with operations focused on natural gas, crude oil, and NGL gathering/processing/transportation across the Bakken, Permian, Powder River, and other basins. Comparable as a smaller, basin-focused midstream peer with similar gathering/processing service offerings.
• Genesis Energy: Midstream energy company with operations in crude oil transportation and terminaling, sodium bicarbonate/sulfur services, and offshore Gulf of Mexico pipelines. Comparable to Harvest's Gulf Coast crude terminaling operations including the Belle Chasse Terminal.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/harvestmidstrea
• Facebookfacebook.com/HarvestMidstream
• LinkedInlinkedin.com/company/harvest-midstream-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Harvest Midstream