Western Gas Equity Partners, LP Announces Distribution for the Fourth Quarter of 2013, Payable on February 21, 2014
January 20, 2014 at 07:00 am
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Western Gas Equity Partners, LP announced that the board of directors of its general partner declared a quarterly cash distribution of $0.23125 per unit for the fourth quarter of 2013, marking a 40% increase over the non-prorated distribution for the fourth quarter of 2012. This distribution also represents an 8% increase over the prior quarter. The company's fourth quarter 2013 distribution is payable on February 21, 2014, to unit holders of record at the close of business on January 31, 2014.
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.