INVESTOR RELATIONS Jon VandenBrand Director 832.636.1007 Jack Spinks Manager 832.636.3738 N Y S E : W E S , W G P W W W . W E S T E R N G A S . C O M WESTERN GAS ANNOUNCES SIMPLIFICATION TRANSACTION AND STRATEGIC…
Transaction Benefits Simplified Elimination of IDRs reduces cost of capital and supports long-term sustainable growth Structure Tax-free transaction for both WES and WGP unitholders; results in clean, simple structure Immediate…
Transaction Overview and Structure WGP will acquire WES in a unit-for-unit, tax-free exchange Pro Forma Structure Incentive distribution rights (IDRs) and WES general partner units eliminated Public Anadarko Petroleum Each publicly…
High-Growth, Complementary Acquisition DJ Basin APC Acreage Asset Overview APC Mineral Interest Gas Gathering Contract / Oil Pipelines Oil Stabilization Facility Asset Ownership Description1 Term Gas Processing Facility Future…
Significant Exposure to Growing Basins 2019E Adjusted EBITDA: 2019E Total Capital Expenditures: 1.8 to 1.9 Billion 1.3 to 1.4 Billion Delaware Basin Delaware Basin 40% 54% Equity Investments 10% Other 13% DJ Basin DJ…
Transaction Beneficial to Both Parties WGP Unitholder WES Unitholder Approximately 10% - 20% DCF per unit Approximately 10% - 20% DCF per unit accretion and ability to generate accretion each year through 2021, 2019 Growth…
Robust 2019 Outlook ( in millions, includes full-year effect of assets to be acquired) Adjusted EBITDA1 1,800 - 1,900 Total Capital Expenditures2,3 1,300 - 1,400 Maintenance Capital Expenditures 110 - 120 2019 Distribution…
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