WES/WGP: Delivering Growth in Challenging Times NYSE: WES, WGP 1 www.westerngas.com
Strong Sponsor Support WGP Public Unitholders 83.68%2 16.32%2 8.32% LP Interest 34.66% LP -and- 1.82% GP Interest 55.20% Note: 1. As of June 30, 2015 2. Assumes outstanding Tangible Equity Units (NYSE: AEUA)…
2015 Capital Program Remains Robust Estimated 2015 Capital and Equity Investments: 640 700MM1 Other Marcellus 6% 12% Delaware Basin 52% DJ Basin 31% Note: 1. Per updated 2015 outlook provided on May 6, 2015; excludes…
DJ Basin Build-out Success 2010 2014 Wattenberg Front Range 5 1 Gathering & Ft. NGL Pipeline Lupton Plant (Dropdown) (Dropdown) 1 4 7 2 2010 Future Potential White Cliffs 2 Wattenberg Plant 6 Oil Pipeline (APC-owned) (Eq.…
Whats Next: Delaware Basin Build-out Future Potential 2008 Lone Creek 1 Haley Gathering 4 Oil Gathering (IPO Asset) (APC-owned) 2 1 2014 Future Potential 2 Nuevo Midstream Bone Spring Plant 5 (Acquisition) (33% APC WI)…
Delaware Basin: Wolfcamp Keeps Getting Bigger & Better NYSE: APC www.anadarko.com 1+ BBOE Net Resource Potential 100+ MMBbl Original Oil in Place per Section 5,000+ Identified Wolfcamp A Locations Top Tier Acreage Position…
Potential Dropdowns From APC AT WES IPO (May 2008) TODAY Marcellus Wind River Powder River Complex Rendezvous Granger Complex Ft. Union Atlantic Red Desert Natural Rim Complex DJ Basin Natural Buttes Buttes Oil Gath Wattenberg…
Future Growth: APC Equity Interests White Cliffs 10% Interest Satanta Plant Acquired Sept 2010 49% Interest Acquired Jan 2011 Front Range Pipeline 331/3% Interest Saddlehorn Pipeline Acquired Mar 2014 20% Interest Acquired Mar…
Consistent Commodity Risk Mitigation Unhedged Fee-Based & ADJUSTED Fixed-Price GROSS MARGIN1,2 98% Notes: 1. Last twelve months ending 6/30/2015; adjusted gross margin as defined in the latest Western Gas earnings…
Volumetric Risk Mitigation Bison MIGC Marcellus Ft. Union OTTCO Lancaster Helper Chipeta Clawson White Cliffs % of Total Gas Front Contract Type Throughput1 Range Hugoton Demand Charge 43.5 TXEG Cost of Service 24.7…
Non-GAAP Adjusted EBITDA Reconciliation1 Year Ended December 31, (in thousands) 2010 2011 2012 2013 2014 Reconciliation of net income (loss) attributable to Western Gas Partners, LP to Adjusted EBITDA attributable to Western Gas…