Western Midstream Partners LP announced amendments to its natural-gas gathering and processing contracts in the Delaware Basin with a subsidiary of Occidental Petroleum Corporation. The revised agreements replace the previous cost-of-service structure with a fixed-fee arrangement, supported by an acreage dedication. Additionally, Western Midstream entered into new agreements with ConocoPhillips to deliver natural-gas volumes under a new dedication arrangement for existing volumes on its system. As part of these transactions, Occidental will receive Western Midstream common units in exchange for the contract amendments. The changes were reviewed and approved by Western Midstream's Special Committee and Board of Directors.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Western Midstream Partners LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001423902-26-000004), on January 22, 2026, and is solely responsible for the information contained therein.
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