Western Gas Equity Partners, LP also announced that the board of directors of its general partner declared a quarterly cash distribution of $0.31250 per unit for the fourth quarter of 2014, marking a full-year 2014 distribution increase of 37% over the full-year 2013. This distribution also represents a 7% increase over the prior quarter and a 35% increase over the fourth quarter of 2013. WGP's fourth quarter 2014 distribution is payable on February 20, 2015, to unit holders of record at the close of business on February 2, 2015.