Western Gas Partners ropes in Anadarko assets for $4B
November 9, 2018
Oil and Gas Equipment | The Woodlands, TX | Asset Acquisition
Western Gas Partners has agreed to purchase the midstream assets of Anadarko Petroleum for around $2 billion in cash and $2 billion in newly issued equity. The assets include pipelines and storage facilities in Texas, New Mexico and Colorado. In a related deal, Western Gas Partners has agreed to merge with Western Gas Equity Partners to create a simplified midstream business, with the latter company assuming ownership of the former.