{ "schemaVersion": 1, "organisationId": "O-e18a469db43a4941be7a4dcaea11b927", "slug": "western-midstream-partners-lp", "name": "Western Midstream Partners, LP", "updatedAt": "2026-10-02T11:47:49.993054Z", "sections": [ { "type": "OVERVIEW", "text": "Western Midstream Partners, LP is a U.S. energy midstream company that gathers, compresses, treats, processes and transports natural gas and natural gas liquids; gathers and stabilizes crude oil; and provides produced-water gathering, treatment, recycling, transport and disposal services. [P115032409][P8532010]\n\nIts operations are concentrated in Texas, New Mexico, Colorado, Utah and Wyoming, including the Delaware, DJ and Powder River basins; the company’s reported operating footprint is U.S.-based. [P45368873][https://www.westernmidstream.com/Operations/] The company states its mission as “Improve lives through safe, sustainable, and efficient energy delivery.” [P48314692][https://www.westernmidstream.com/about-us/]\n\nFor the year ended December 31, 2025, Western Midstream reported $3.843 billion in total revenues and other. [T1636146]\n[P115032409][P8532010][P45368873][https://www.westernmidstream.com/Operations/][P48314692][https://www.westernmidstream.com/about-us/][T1636146][https://www.westernmidstream.com/Operations/][https://www.westernmidstream.com/about-us/]", "updatedAt": "2026-10-02T11:47:49.993054Z" }, { "type": "PRODUCTS", "text": "Western Midstream Partners’ offerings are midstream services for natural gas, natural gas liquids (NGLs), crude oil, produced water and water solutions. Its natural-gas services include gathering, compression, treatment, processing and transportation: processing removes contaminants and separates pipeline-quality residue gas from a mixed NGL stream. Crude-oil services include gathering and, where needed, stabilization before delivery to downstream facilities. [P115032409][P8532010]\n\nProduced-water services include gathering, transportation, treatment, recycling, reuse and disposal. The company describes systems that remove hydrocarbons and sediment, provide treated water for customer operations, and inject water through permitted disposal wells. Its Delaware Basin operations include four gas-processing facilities with stated capacity exceeding 2.750 Bcf/d, about 790 miles of produced-water pipeline and water-handling capacity of 1,800 MBbl/d. [P8532010][https://www.westernmidstream.com/delaware-basin/][https://www.westernmidstream.com/water-solutions/]\n[P115032409][P8532010][https://www.westernmidstream.com/delaware-basin/][https://www.westernmidstream.com/water-solutions/]", "updatedAt": "2026-10-02T11:47:49.993054Z" }, { "type": "GEOGRAPHY", "text": "Western Midstream Partners’ operations are located in the United States, across Texas, New Mexico, Colorado, Utah and Wyoming. Its principal operating areas include the Delaware and West Texas regions of Texas and New Mexico, the DJ Basin in Colorado, the Uinta Basin in Utah and the Powder River Basin in Wyoming; it also has South Texas assets. [P45368873][T3975829][T10093313][T3536614] In June 2026, the company acquired Brazos Delaware assets in the Texas Delaware Basin, spanning Reeves, Ward, Pecos, Winkler, Culberson and Loving Counties. [https://investors.westernmidstream.com/2026-05-06-Western-Midstream-Announces-Acquisition-of-Brazos-Delaware]\n\nFor 2025, West Texas/New Mexico and DJ Basin assets contributed 58% and 29%, respectively, of total revenues and other, excluding equity investments. [P45368873] The company’s principal executive office is in The Woodlands, Texas. [T8080554]\n[P45368873][T3975829][T3975829][T10093313][T3536614][T8080554][https://investors.westernmidstream.com/2026-05-06-Western-Midstream-Announces-Acquisition-of-Brazos-Delaware]", "updatedAt": "2026-10-02T11:47:49.993054Z" }, { "type": "SEGMENTS", "text": "Western Midstream Partners reports one operating and reportable segment, representing 100% of consolidated operations. The segment provides natural gas gathering, compression, treating, processing and transportation; gathering, stabilization and transportation of condensate, natural gas liquids (NGLs) and crude oil; and produced-water gathering, transportation, recycling, treatment, supply and disposal. Management assesses performance and allocates resources on a consolidated basis rather than by separate business lines. [P42441119][P147165394]\n\nThe company also discloses adjusted gross margin by asset type, but these are not reportable segments. For the six months ended June 30, 2026, natural gas contributed approximately 62.0%, crude oil and NGLs 14.4%, and produced water 23.5% of the combined adjusted gross margin disclosed for those categories. [T16837621][T16837621][T16837621]\n[P42441119][P147165394][T16837621][T16837621][T16837621]", "updatedAt": "2026-10-02T11:47:49.993054Z" }, { "type": "HISTORY", "text": "Western Midstream’s origins date to 2007, when Anadarko formed Western Gas Operating, LP to own and operate midstream assets. The business became publicly traded as Western Gas Partners, LP in May 2008, with Anadarko contributing its initial assets. [https://www.westernmidstream.com/about-us/][P192870073]\n\nThe partnership expanded through acquisitions and development across its operating regions, including Anadarko’s Wattenberg assets in 2010, the Platte Valley system in 2011, and Red Desert assets in 2012. In 2012, Anadarko also formed Western Gas Equity Partners, LP, which completed its own IPO that December and held the general-partner interest in Western Gas Partners. [https://investors.westernmidstream.com/2010-08-02-Western-Gas-Partners-to-Acquire-Midstream-Assets-From-Anadarko][https://investors.westernmidstream.com/2011-02-28-Western-Gas-Partners%2C-LP-Announces-Closing-of-Platte-Valley-Acquisition][https://investors.westernmidstream.com/2012-01-16-Western-Gas-Partners-Completes-Acquisition-of-Midstream-Assets-from-Anadarko][P192869473]\n\nIn 2015–2017, Western Gas added Delaware Basin gathering interests and the Springfield Pipeline. In February 2019, it completed a simplification and acquisition of Anadarko midstream assets: Western Gas Equity Partners became Western Midstream Partners, LP, and Western Gas Partners became Western Midstream Operating, LP. [https://investors.westernmidstream.com/2015-03-03-Western-Gas-Announces-Acquisition-and-2015-Outlook][https://investors.westernmidstream.com/2016-03-14-Western-Gas-Closes-Springfield-Acquisition-And-Related-Financing-Transactions/][https://investors.westernmidstream.com/2019-02-28-Western-Gas-Completes-Simplification-and-Acquisition-Transactions/]\n\nAfter Occidental’s acquisition of Anadarko closed in 2019, WES’s general partner became an Occidental subsidiary. WES later expanded in the Powder River Basin through its 2023 acquisition of Meritage Midstream, and entered produced-water operations in the Delaware Basin with its October 2025 acquisition of Aris Water Solutions. [T10331900][https://investors.westernmidstream.com/2023-10-13-Western-Midstream-Announces-Closing-of-Meritage-Midstream-Acquisition][P68518042]\n[P192870073][P192869473][T10331900][P68518042][https://www.westernmidstream.com/about-us/][https://investors.westernmidstream.com/2010-08-02-Western-Gas-Partners-to-Acquire-Midstream-Assets-From-Anadarko][https://investors.westernmidstream.com/2011-02-28-Western-Gas-Partners%2C-LP-Announces-Closing-of-Platte-Valley-Acquisition][https://investors.westernmidstream.com/2012-01-16-Western-Gas-Partners-Completes-Acquisition-of-Midstream-Assets-from-Anadarko][https://investors.westernmidstream.com/2015-03-03-Western-Gas-Announces-Acquisition-and-2015-Outlook][https://investors.westernmidstream.com/2016-03-14-Western-Gas-Closes-Springfield-Acquisition-And-Related-Financing-Transactions/][https://investors.westernmidstream.com/2019-02-28-Western-Gas-Completes-Simplification-and-Acquisition-Transactions/][https://investors.westernmidstream.com/2023-10-13-Western-Midstream-Announces-Closing-of-Meritage-Midstream-Acquisition]", 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