About

Western Gas Partners, LP (NYSE: WES)

Western Gas Partners, LP is a growth-oriented Delaware master limited partnership formed by Anadarko to own, operate, acquire and develop midstream energy assets. WES’s assets are located in East, West and South Texas, the Rocky Mountains (Colorado, Utah and Wyoming), North-Central Pennsylvania and the Mid-Continent (Kansas and Oklahoma), and WES is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids and crude oil for Anadarko, as well as third-party 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.