Western Midstream Operating LP

Western Midstream Operating LP

Western Midstream Operating LP

Overview
Date Founded

2007

Headquarters

1201 Lake Robbins Drive, The Woodlands, TX, 77380, USA

Type of Company

Public

Employees (Worldwide)

602

Industries

Oil & Gas

Company Description

Western Midstream Operating LP engages in the owning, operating, acquiring, and developing of midstream energy assets. It involves in the gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. The company was founded in August 2007 and is headquartered in The Woodlands, TX.

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Executives & Employees

Senior Vice President, Chief Financial Officer & Treasurer

Senior Vice President & Chief Operating Officer

Senior Vice President, General Counsel & Corporate Secretary

Secretary, Vice President & General Counsel

General Partner

Director, Investor Relations

Manager, Investor Relations

Chairman of the Board of Western Gas Holdings, LLC

Board of Directors

Executive Vice President, Finance & Chief Financial Officer at Anadarko Petroleum Corporation

Senior Vice President, Midstream at Anadarko Petroleum Corporation

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Owners & Shareholders
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Tortoise Capital Advisors' primary investment strategy is fundamentals based, long-only, with an emphasis on managing risk which they define as the potential for a permanent loss of capital. However, their investment strategies may include short-term purchases and trading where appropriate, as indicated by their fundamental and technical analysis. The firm may employ other strategies for investment company clients involving leveraging and hedging, or writing (selling) covered call options on selected equity securities in the client's portfolio. These other strategies may include currency hedging transactions and interest rate transactions such as swaps, caps and floors. Tortoise Capital Advisors evaluate companies operating in the entire energy value chain to gain a better understanding of the impact on the firm's respective investments. They have primary coverage on all midstream MLPs and pipeline c-corporations in the investment universe, and a majority of the large energy and power companies. Tortoise Capital Advisors have secondary coverage on all other MLPs, as well as a majority of the energy value chain in their investment universe.

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AAI offers innovative investment solutions designed to help advisors and investors build better portfolios. Through both their alternative investment products and access to specialty asset managers, the firm seeks to deliver portfolio solutions that allow investors to diversify their core holdings and obtain exposure to attractive investment themes. The firm's exposure to alternatives and specialty managers is achieved primarily through ETFs, exchange-traded products, closed-end funds and open-end funds with the goal of providing access that is registered, liquid and fully transparent. AAI currently does not research or actively recommend specific portfolio securities. Rather, the firm collects, validates and utilizes quantitative data and information from various sources with the goal of identifying one or more sub-advisors that are appropriate to their respective investment objectives and that provide an appropriate mix of diversified investment styles or alternatively through products that are passively managed, and track a designated index.

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BIM is a global investment manager that focuses on specialized equity and fixed income real assets securities investments and energy-related master limited partnerships or MLPs and infrastructure investments. The firm's fixed-income strategies include investments in below investment grade and investment grade publicly traded debt securities of global real estate, infrastructure and natural resources companies. For their equity strategies, BIM have incorporates a value-based approach and a long-term investment horizon. They use a bottom-up security selection process that seeks to identify and capitalize on out-of-favor sectors and companies. BIM also offers fixed income and equity blend strategy (real assets solutions).

Recent Transactions
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Western Midstream Partners LP purchases Western Midstream Operating LP

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Williams Partners LP purchases Western Gas Partners LP /Liberty & Rome Gas Gathering Systems from Western Midstream Operating LP

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Western Midstream Operating LP purchases Springfield Pipeline LLC from Anadarko Petroleum Corporation

Transaction Advisors
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Advised onWestern Midstream Partners LP purchases Western Midstream Operating LP

Auditor

Advised onWestern Midstream Operating LP issued . USD Common Units

Investment Advisor

Advised onWestern Midstream Partners LP purchases Western Midstream Operating LP

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Advised onWestern Midstream Partners LP purchases Western Midstream Operating LP

Executive Director

Advised onWestern Midstream Operating LP issued Common Units

Underwriter

Advised onWestern Midstream Operating LP issued . USD Common Units

Advisors & Consultants
Legal Advisor

Partner at Vinson & Elkins LLP

Legal Advisor

Partner at Kirkland & Ellis LLP

Clients

Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Downstream, and Corporate. The Integrated Gas segment manages liquefied natural gas activities and the conversion of natural gas into gas to liquids fuels and other products. The Upstream segment manages the exploration for and extraction of crude oil, natural gas, and natural gas liquids. The Downstream segment manages different oil products and chemical activities as part of an integrated value chain, including trading activities, what turns crude oil and other feedstock into a range of products which are moved and marketed around the world for domestic, and industrial and transport use. The Corporate segment comprises holdings and treasury, self-insurance activities, and headquarters and central functions of the company. The company was founded in February 1907 and is headquartered in The Hague, Netherlands.

Anadarko Petroleum Corp. is an independent exploration and production company. It operates through the following segments: Exploration and Production; WES Midstream; and Other Midstream. The Exploration and Production segment explores and produces natural gas, crude oil, condensate, and natural gas liquids. The Midstream segment engages in gathering, processing, treating, and transportation services to the company and third-party oil and natural gas producers. The Other Midstream segment consists of midstream assets not owned by WES. It markets oil, natural gas, and natural gas liquids in the United States, Algeria, China and Ghana. The company was founded in 1959 and is headquartered in The Woodlands, TX.

Corporate Profile Tesoro Logistics LP (NYSE: TLLP). Tesoro Logistics LP, headquartered in San Antonio, Texas, is a fee-based, growth-oriented publicly traded master limited partnership formed by Tesoro Corporation in 2011 to own, operate, develop and acquire crude oil and refined products logistics assets. Our logistics assets are integral to the success of Tesoro Corporation’s refining and marketing operations and are used to gather, transport and store crude oil and to distribute, transport and store refined products. Our initial assets consist of a crude oil gathering system in the Bakken Shale/Williston Basin area of North Dakota and Montana, eight refined products terminals in the Midwestern and western United States and a crude oil and refined products storage facility and five related short-haul pipelines in Utah.

Key Stats and Financials As of 2018
Market Capitalization
$8.06B
Total Enterprise Value
Earnings Per Share
Revenue
$2B
EBITDA
$1.05B
Non-Profit Donations & Grants
$111K
2011
Suppliers
Anadarko Petroleum Corporation Oil & Gas | The Woodlands, Texas

Anadarko Petroleum Corp. is an independent exploration and production company. It operates through the following segments: Exploration and Production; WES Midstream; and Other Midstream. The Exploration and Production segment explores and produces natural gas, crude oil, condensate, and natural gas liquids. The Midstream segment engages in gathering, processing, treating, and transportation services to the company and third-party oil and natural gas producers. The Other Midstream segment consists of midstream assets not owned by WES. It markets oil, natural gas, and natural gas liquids in the United States, Algeria, China and Ghana. The company was founded in 1959 and is headquartered in The Woodlands, TX.

Energy Transfer Operating LP Other Business & Consulting Services | Newtown Square, PA

Sunoco Logistics Partners L.P. is a publicly traded master limited partnership formed in 2002 to acquire, own and operate a diverse mix of crude oil and refined products pipelines and terminalling and storage facilities, as well as crude oil acquisition and marketing assets. Our goal is to generate growing cash flows, increase distributions and provide attractive returns to investors. Strategies for growth include increasing pipeline and terminal throughput, utilizing our crude oil distribution and marketing expertise to address regional crude oil supply and demand imbalances, and pursuing organic growth opportunities as well as strategic acquisitions that are synergistic with existing assets. Strong cash flows have allowed us to consistently increase our distributions

Competitors
Energy Transfer Operating LP Oil & Gas - Newtown Square, PA

Sunoco Logistics Partners L.P. is a publicly traded master limited partnership formed in 2002 to acquire, own and operate a diverse mix of crude oil and refined products pipelines and terminalling and storage facilities, as well as crude oil acquisition and marketing assets. Our goal is to generate growing cash flows, increase distributions and provide attractive returns to investors. Strategies for growth include increasing pipeline and terminal throughput, utilizing our crude oil distribution and marketing expertise to address regional crude oil supply and demand imbalances, and pursuing organic growth opportunities as well as strategic acquisitions that are synergistic with existing assets. Strong cash flows have allowed us to consistently increase our distributions

National Fuel Gas Company Power & Utilities - Williamsville, NY

The utility segment, which represents the operations of National Fuel Gas Distribution Corporation, sells or transports natural gas to more than 732,000 customers in western New York and northwestern Pennsylvania. Major areas served include Buffalo, Niagara Falls and Jamestown in New York, and Erie and Sharon in Pennsylvania. The company is keenly focused on customer service and the safe and efficient delivery of natural gas remains our highest priority. At National Fuel Gas Supply Corporation, the Pipeline and Storage segment of National Fuel Gas Company, we specialize in transporting and storing natural gas. For over 100 years we've been successfully serving utilities, pipelines, marketers, and energy generators in the growing markets of the northeastern United States. Since 1991, National Fuel Resources, Inc. (NFR) has grown to be one of the region’s largest and most reliable non-utility suppliers. NFR provides natural gas to thousands of households and businesses throughout New York and Pennsylvania.

Kinder Morgan, Inc. Oil & Gas - HOUSTON, TX

Kinder Morgan, Inc. is an energy infrastructure company. It engages in the operation of pipelines and terminals that transport natural gas; gasoline; crude oil; carbon dioxide (CO2) and other products and stores petroleum products chemicals; and handles bulk materials like ethanol, coal, petroleum coke and steel. The firm operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines and Kinder Morgan Canada. The Natural Gas Pipelines segment engages in the ownership and operation of major interstate and intrastate natural gas pipeline & storage systems, and natural gas & crude oil gathering systems and natural gas processing & treating facilities. The CO2 segment is focused on the production, transportation and marketing of CO2 to oil fields that use CO2 as a flooding medium for recovering crude oil from mature oil fields to increase production. The Terminals segment engages in the ownership and operation of liquids and bulk terminal facilities located throughout the U.S. and portions of Canada that transload and store refined petroleum products, crude oil, chemicals, ethanol & bulk products, including coal, petroleum coke, fertilizer, steel and ores. The Products Pipelines segment owns and operates refined petroleum products, NGL and crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel & jet fuel, propane, crude oil and condensate to various markets. The Kinder Morgan Canada segment is focused on the operation of the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada for marketing terminals and refineries in British Columbia, Canada and the state of Washington. The company was founded by Richard D. Kinder and William V. Morgan on August 23, 2006 and is headquartered in Houston, TX.

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