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.