HOUSTON, Feb. 20,
2024 /PRNewswire/ -- Western Midstream Partners,
LP (NYSE:WES) ("WES" or the "Partnership") is aware of recent news
coverage indicating that WES is working towards a sales process.
WES has not launched a sales process nor has it engaged bankers or
other advisors with a view toward doing so. We are aware, as has
been publicly stated, that Occidental Petroleum Corporation ("Oxy")
has expressed interest in divesting assets. We cannot speak to the
composition of the assets Oxy may seek to divest, and any questions
regarding Oxy's ownership interest in WES should be directed to
Oxy.
ABOUT WESTERN MIDSTREAM
Western Midstream Partners, LP ("WES") is a Delaware master limited partnership formed to
develop, acquire, own, and operate midstream assets. With midstream
assets located in the Rocky Mountains, North-central Pennsylvania, Texas, and New
Mexico, WES is engaged in the business of gathering,
compressing, treating, processing, and transporting natural gas;
gathering, stabilizing, and transporting condensate, natural-gas
liquids, and crude oil; and gathering and disposing of produced
water for its customers. In its capacity as a natural-gas
processor, WES also buys and sells natural gas, natural-gas
liquids, and condensate on behalf of itself and its customers under
certain gas processing contracts. A substantial majority of WES's
cash flows are protected from direct exposure to commodity price
volatility through fee-based contracts.
For more information about WES, please visit
www.westernmidstream.com.
WESTERN MIDSTREAM CONTACTS
Daniel Jenkins
Director, Investor
Relations
Investors@westernmidstream.com
866-512-3523
Rhianna Disch
Manager, Investor Relations
Investors@westernmidstream.com
866-512-3523
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SOURCE Western Midstream Partners, LP