Western Gas WGP

About Western Gas WGP (adapted from Western Gas WGP prospectus):
Western Gas Equity Partners is a Delaware limited partnership formed to own three types of partnership interests in Western Gas Partners, LP, a publicly traded limited partnership (NYSE: WES). WES is a growth-oriented Delaware master limited partnership organized by Anadarko Petroleum Corporation (NYSE: APC) to own, operate, acquire and develop midstream energy assets. Their only cash-generating assets consist of their partnership interests in WES.
WGP was formed in September 2012 upon the conversion of their predecessor, WGR Holdings, LLC, into a Delaware limited partnership. Their primary objective is to increase distributions to their unitholders over time through growth in the distributions payable with respect to their partnership interests in WES. To achieve this objective, WGP intends to actively monitor and support WES in the successful execution of its business strategy. In the future, they may facilitate WES’s growth through the use of WGP's capital resources, which could involve capital contributions, loans or other forms of financial support.

This description is adapted from Western Gas WGP prospectus. This description is not intended to be a recommendation to buy stock from this company. We do not claim that all of the statements above were researched and found to be true. We present them as a general description based on what the company has said about itself at the time that they submitted their prospectus for an IPO offering. To see the company's full description, view their prospectus..