HOUSTON, Oct. 17, 2019 /PRNewswire/ -- Today, Western
Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership")
announced senior management changes. Effective today, Michael C.
("Mike") Pearl has been named Senior Vice President and Chief
Financial Officer, Charles G. ("Chuck") Griffie has been named
Senior Vice President, Operations and Engineering, Robert W.
("Bob") Bourne has been named Senior Vice President and Chief
Commercial Officer, and Catherine A.
Green has been named Vice President and Chief Accounting
Officer of the general partner of WES.
Pearl succeeds Jaime R. Casas who
has transitioned to Vice President and Treasurer of Occidental
Petroleum Corporation (NYSE:OXY) ("Occidental"). Pearl joined
Anadarko Petroleum Corporation ("Anadarko") in 2004 and has served
in various leadership positions within Anadarko's accounting and
finance organization including Director, Corporate Tax, Corporate
Controller, Vice President, Finance and Treasurer, Senior Vice
President and Chief Financial Officer of the general partner of
Western Gas Partners, LP, and most recently as Anadarko's Senior
Vice President, Investor Relations.
Griffie joined Anadarko in connection with its 2006 acquisition
of Western Gas Resources, Inc. At Anadarko, Griffie held various
operational leadership positions including U.S. Onshore Business
Advisor, Eagleford Operations Manager, Appalachian Basin Midstream
Manager, Director, Midstream Engineering, and most recently as
Senior Vice President, U.S. Onshore Field Operations upon returning
to Anadarko from Huntley & Huntley Energy Exploration where he
served as Senior Vice President, Midstream and Marketing from
June 2016 to December 2018.
Bourne joined Occidental in August
2019 and brings more than 30 years of experience in
midstream corporate business development to WES. Bourne led
midstream corporate development efforts at Shell Trading (formerly
Coral Energy), American Midstream Partners, Gas Solutions, Energy
Transfer Partners, and Crosstex Energy (now EnLink Midstream). Most
recently, Bourne served as Vice President, Business Development,
Midstream and Marketing at Apache Corporation and as a director of
Altus Midstream Company.
Green has more than 20 years of accounting and audit experience
and joined Anadarko in 2001. During her 18 years at Anadarko, Green
has served in a variety of diverse roles within Anadarko's
accounting and finance organization including internal audit,
technical U.S. GAAP accounting, internal controls, and most
recently as Director, Expenditure Accounting.
"The board is very pleased with these officer appointments and
believes this management team is well-positioned to maximize the
value of WES's asset base, which benefits all unitholders,
including Occidental," said Glenn
Vangolen, Chairman of the Board of WES's general
partner.
"I am excited to add the remaining members of the Western
Midstream management team as we transition into our next stage of
growth," said Michael P. Ure, CEO.
"I have the utmost confidence the assembled management team will
focus on enhancing the value of WES's premier asset footprint,
which is well positioned to support Occidental's U.S. onshore
development plans in the Delaware
and DJ basins and to attract sustainable third-party volumes by
leveraging our existing midstream infrastructure to establish WES
as a preferred midstream service provider for all producers."
THIRD-QUARTER 2019 DISTRIBUTION AND EARNINGS CONFERENCE
CALL
WES announced today the board of directors of its
general partner declared a quarterly cash distribution of
$0.620 per unit for the third-quarter
of 2019. This distribution represents WES's 27th
consecutive quarterly distribution increase and is consistent with
WES's 2019 annual distribution-growth guidance range of 5 percent
to 6 percent. WES's third-quarter 2019 distribution is payable
Nov. 13, 2019, to unitholders of
record at the close of business Nov. 1,
2019.
The Partnership plans to report its third-quarter 2019 results
after market close Monday, Nov. 4,
2019. Management will host a conference call Tuesday, Nov. 5, 2019, at 1 p.m. CST (2 p.m.
EST) to discuss WES's quarterly results. The full text of
the release announcing the results will be available on the
Partnership's website at www.westernmidstream.com.
Third-Quarter 2019 Results
Tuesday, Nov. 5, 2019
1 p.m. CST (2 p.m. EST)
Dial-in number:
877-883-0383
International dial-in number:
412-902-6506
Participant access code: 1868618
Individuals that would like to participate in WES's scheduled
third-quarter earnings call should dial the applicable dial-in
number listed above approximately 15 minutes prior to the scheduled
conference call time and enter the access code when prompted. To
access the live audio webcast of the conference call, please
visit the investor relations section of the Partnership's website
at www.westernmidstream.com. A replay of the conference call will
also be available on the website for two weeks following the
call.
ABOUT WESTERN MIDSTREAM
Western Midstream Partners,
LP ("WES") is a Delaware master
limited partnership formed to acquire, own, develop 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 addition, in its capacity as a
processor of natural gas, WES also buys and sells natural gas, NGLs
and condensate on behalf of itself and as agent for its customers
under certain of its contracts.
For more information about Western Midstream Partners, LP and
Western Midstream Flash Feed updates, please visit
www.westernmidstream.com.
Note regarding Non-United States Investors: This release is
intended to be a qualified notice under Treasury Regulation Section
1.1446-4(b). Brokers and nominees should treat one hundred percent
(100.0%) of Western Midstream Partners, LP's distributions to
non-U.S. investors as being attributable to income that is
effectively connected with a United
States trade or business. Accordingly, Western Midstream
Partners, LP's distributions to non-U.S. investors are subject to
federal income tax withholding at the highest applicable effective
tax rate.
WESTERN MIDSTREAM CONTACTS
Kristen Shults
Vice President, Investor Relations and Communications
Kristen_Shults@oxy.com
832.636.6000
Jack Spinks
Manager, Investor Relations
Jack_Spinks@oxy.com
832.636.6000
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SOURCE Western Midstream Partners, LP