Our core assets provide services for customers in the Delaware Basin in West Texas and New Mexico, and the DJ Basin in northeastern Colorado. Additional assets and investments are located in South Texas, Utah, Wyoming, and north-central Pennsylvania.
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. As a natural gas processor, we also buy and sell natural gas, NGLs, and condensate on our behalf and as an agent for our customers under certain contracts.
In December 2019, we executed several agreements with Occidental that enabled us to operate as a standalone business. As a result of these agreements, our employee workforce and management team is employed directly by Western Midstream, rather than Occidental, facilitating independent managerial control of our strategic initiatives and day-to-day operations. Additionally, we expanded unitholder voting rights through revisions to our limited partnership agreement and to ensure that Occidental, as General Partner, is aligned with our public unitholders’ interests.
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 Feb. 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. 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 is employed directly by Western Midstream, rather than Occidental, facilitating independent managerial control of our strategic initiatives and day-to-day operations. WES now has a vast employee base and enjoys its headquarters in the Towers at the Waterway in The Woodlands, Texas.
Despite the COVID-19 pandemic, depressed producer activity, and a large majority of staff working remotely, Western Midstream reported a record EBITDA in the company’s history in 2020.