Western Gas Equity Partners, LP Declares Fourth Quarter 2015 Distribution, Payable on February 22, 2016
January 21, 2016 at 10:45 pm
Share
Western Gas Equity Partners, LP announced that the board of directors of its general partner declared a quarterly cash distribution of $0.40375 per unit for the fourth quarter of 2015, marking a full-year 2015 distribution increase of 33% over the full-year 2014. This distribution also represents a 6% increase over the prior quarter and a 29% increase over the fourth quarter of 2014. WGP's fourth quarter 2015 distribution is payable on February 22, 2016, to unitholders of record at the close of business on February 1, 2016.
Western Midstream Partners, LP acquires, owns, develops and operates midstream assets. The Company is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas, gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, and gathering and disposing of produced water. The Companyâs midstream assets are located in Texas, New Mexico, Colorado, Utah and Wyoming. In addition, in its capacity as a processor of natural gas, the Company also buys and sells natural gas, NGLs, and condensate on behalf of itself and as an agent for its customers under certain contracts. The Companyâs subsidiaries include Western Midstream Operating GP, LLC, Western Midstream Services, LLC, Western Midstream Services Holdings, LLC and Western Midstream Operating, LP.