Investment Highlights Strong Balance Sheet with Adequate Liquidity Cash Flow Largely Insulated from Commodity Price Movement Growth Potential Through Acquisitions from both Sponsor and Third Parties High-Quality, Low…
Financial Flexibility November 2010 Equity Offering of 8.4MM Units Use of net proceeds repaid amounts outstanding under credit facility 450MM Committed Unsecured Credit Facility Expect to have approximately 100MM of capacity once…
Stable Cash Flows Long-Term Fee-Based Contracts and Fixed-Price Agreements Potential for Rate Resets at Certain Assets Reduce Volumetric Risk Significant Investment-Grade Third-Party Customer Base Gross Margin Last Twelve Months…
Sponsor Continues to Demonstrate Commitment 7/2009 8/2010 8/2010 7/2009 107 498 498 MM MM 107 MM MM 5/2008 5/2008 Chipeta Wattenberg Wattenberg Chipeta IPO IPO Drop Drop Drop Drop 2008 2009 2010 12/2008 12/2008…
WES Midstream Portfolio Current Assets / Investments 11 natural gas gathering systems 7 natural gas treating facilities 6 processing facilities 1 natural gas pipeline 1 NGL pipeline 1 crude oil pipeline 3Q10 Throughput…
Basin Diversity Within the Rockies 3Q10 Throughput by Region DJ Basin (Wattenberg) System: Wattenberg Liquids-rich basin with strong drilling economics Processing margins protected by fixed price swaps Uinta Basin (Greater Natural…
Fort Lupton Acquisition Strategic Asset Close proximity to partnership's existing assets Two cryogenic processing trains Two fractionation trains Five gathering systems Transaction Highlights 303.3MM purchase price Financed with…
The Combined Midstream Portfolio Midstream Asset Overview* Anadarko Western Gas Gathering systems 18 11 Interstate pipelines -- 2 NGL/Crude oil pipelines 2 2 Miles of pipeline 5,500 7,700 Processing & treating facilities 9 13 *As…
Third-Quarter Highlights Delivered Strong Operational Performance Increased Quarterly Distribution to 0.37/Unit Sixth consecutive quarterly increase Generated Quarterly Distribution Coverage of 1.72x Closed 498MM Wattenberg…
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