Our core assets provide services for customers in the Delaware Basin in West Texas and New Mexico, and the DJ Basin in northeastern Colorado, and the Powder River Basin in Northeast Wyoming. Additional assets and investments are located in South Texas, Utah, and Southwest Wyoming.
We’re engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing and transporting condensate, natural gas liquids (NGLs) and crude oil; and gathering and disposing of produced water for our customers. In our capacity as a natural gas processor, we also buy and sell natural gas, NGLs, and condensate on our behalf and our customers under certain gas processing contracts.
Western Midstream (WES) is publicly traded on the New York Stock Exchange under the symbol, WES.
Improving lives through safe, sustainable, and efficient energy delivery.
Leading the North American midstream sector in cost, safety, and minimizing impact to the environment through improvements in technology and innovation.
At WES, we’re proud to deliver the energy that our world needs to improve our way of life. Our talented workforce strives to achieve this mission and vision through our WES Way operating philosophy – living our values and following our foundational principles of operational excellence, superior customer service, and sustainable operations.
On August 21, 2007, Western Gas Partners, LP, was formed by Anadarko Petroleum Corporation. In May 2008, Western Gas Partners, LP began trading on the NYSE as a master limited partnership (MLP) under the ticker symbol WES.
On September 11, 2012, Western Gas Equity Partners, LP was formed as a MLP by Anadarko Petroleum. A month later, WES began trading on the NYSE under ticker symbol, WGP, and became the publicly traded general partner of WES Operating.
Through a simplification transaction on February 28, 2019, WES Operating merged with and into a wholly owned subsidiary of WES, with WES Operating surviving. In this process, WES acquired the remaining common units of WES Operating that it did not already own, other than common units representing a 2.0% limited partner interest in WES Operating that was retained by an indirect subsidiary of Anadarko. Following the transaction, WES changed its name from Western Gas Equity Partners, LP to Western Midstream Partners, LP and WES Operating changed its name from Western Gas Partners, LP to Western Midstream Operating, LP. The common units of WES Operating that previously traded under the ticker symbol, WES, ceased to trade on the NYSE and the common units of WES that previously traded under the ticker symbol, WGP, began to trade under the current ticker symbol WES.
Over the years, Anadarko contributed various assets and subsidiary ownership interests to WES. These entities remain a part of WES’s organizational structure to this day. For a full list of WES’s assets and subsidiaries, refer to the latest Form 10-K.
In August 2019, Occidental (Oxy) acquired Anadarko and WES, and the two remaining companies executed a series of agreements toward their shared goal of creating standalone entities. In December 2019, WES became a standalone midstream organization after it executed several agreements with Occidental that enabled WES to operate as a standalone business. As a result of these agreements, the company’s employee workforce and management team became employed directly by Western Midstream, rather than Oxy, facilitating independent managerial control of our strategic initiatives and day-to-day operations. WES now employs more than 1,200 employees and enjoys its headquarters in the Towers at the Waterway in The Woodlands, Texas just north of Houston.
WES has completed several milestone transactions in its history dating back to 2008, most recently acquiring Meritage Midstream and its assets in the Powder River Basin in 2023 and starting up Train III at the Mentone Plant in West Texas in 2024. These key highlights are included in the timeline below.
2023: WES sanctioned North Loving Plant and acquired Meritage Midstream.
2024: Started Mentone III.
WES executes 12 acquisitions with Anadarko (APC) and third parties for ~$4.3 billion, including Nuevo Midstream, LLC and other various equity investments.
Western Gas Partners, LP (WES) IPOs with an initial share price of $16.50
