About

Western Gas Partners, LP (NYSE: WES)

Western Gas Partners, LP is a growth-oriented Delaware master limited partnership formed by Anadarko Petroleum Corporation to acquire, own, develop and operate midstream energy assets. With midstream assets located in the Rocky Mountains, North-central Pennsylvania and Texas, 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 Anadarko, as well as for other producers and customers.

Western Gas Equity Partners, LP (NYSE: WGP)

Western Gas Equity Partners, LP is a Delaware master limited partnership formed by Anadarko to own WES’s general partner, all of WES’s incentive distribution rights, and a substantial limited partner interest in WES. Through its ownership of WES’s general partner, WGP manages and controls WES. The incentive distribution rights entitle WGP to increasing percentages, up to a maximum level of 48.0%, of any incremental cash distributed by WES as certain target distribution levels are reached with respect to any quarter.