Western Gas announces drop-down, simplification
Western Gas Partners (ticker: WES) announced several moves today, expanding its holdings and simplifying its corporate structure.

Western Gas Partners will acquire $4 billion in midstream assets from its parent Anadarko (ticker: APC), all the company’s remaining midstream assets. These assets include oil and water gathering pipelines in the Delaware, including associated treatment and disposal facilities, plus 50% shares in 325 MMcf/d of gas processing in the basin.

Western Gas will also acquire Anadarko’s oil gathering pipelines and a 290 MMcf/d processing plant in the DJ. Finally, Anadarko is divesting its interests in three pipelines, only one of which is controlling. Western gas pro...

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