BRIEF-Western Midstream Amends Delaware Basin Gas Contracts For Units; CEO Oscar Brown & CFO Kristen Shults Discuss Deals

Reuters01-20
BRIEF-Western Midstream Amends <a href="https://laohu8.com/S/VMM">Delaware</a> Basin Gas Contracts For Units; CEO <a href="https://laohu8.com/S/OSCR">Oscar</a> Brown & CFO Kristen Shults Discuss Deals

Jan 20 (Reuters) - Western Midstream Partners LP WES.N:

  • WESTERN MIDSTREAM ANNOUNCES DELAWARE BASIN NATURAL-GAS CONTRACT AMENDMENTS IN EXCHANGE FOR COMMON UNITS AND ANNOUNCES INTERVIEW WITH CEO, OSCAR BROWN, AND CFO, KRISTEN SHULTS, DISCUSSING THESE TRANSACTIONS

  • WESTERN MIDSTREAM PARTNERS LP - ENTERS NEW AGREEMENTS WITH CONOCOPHILLIPS FOR NATURAL-GAS

  • WESTERN MIDSTREAM PARTNERS LP - OCCIDENTAL TRANSFERS 15.3 MILLION WES UNITS VALUED AT $610 MILLION

  • WESTERN MIDSTREAM PARTNERS LP - CONTRACT WITH CONOCOPHILLIPS IS FIXED-FEE, INCLUDES AN ACREAGE DEDICATION, AND HAS TENOR THROUGH EARLY 2030S

  • WESTERN MIDSTREAM PARTNERS LP - CONVERSION TO FIXED-FEE STRUCTURE IS NOT EXPECTED TO REDUCE ADJUSTED EBITDA THROUGH 2027

  • WESTERN MIDSTREAM PARTNERS LP - OCCIDENTAL'S OWNERSHIP OF WES DECREASES FROM 42% TO 40%

Source text: ID:nPn3FJlpKa

Further company coverage: WES.N

(Reporting by Kunal Das)

((Kunal.Das2@thomsonreuters.com;))

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