Western Midstream Partners - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Western Midstream Partners M&A Summary

Western Midstream Partners has acquired 2 companies, including 1 in the last 5 years.

Western Midstream Partners’ largest acquisition to date was in 2018, when it acquired Western Gas Partners for $4.0B. Western Midstream Partners has acquired in 2 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Western Midstream Partners Business Overview

Where is Western Midstream Partners headquartered?

Western Midstream Partners is headquartered in The Woodlands, Texas.

What is Western Midstream Partners’ revenue?

Western Midstream Partners disclosed revenue of 3,252M USD for 2022 and 2,877M USD for 2021.

How many employees does Western Midstream Partners have?

Western Midstream Partners has 2,022 employees.

What sector is Western Midstream Partners in?

Western Midstream Partners is an oil/gas exploration company.

When was Western Midstream Partners founded?

Western Midstream Partners was founded in 2007.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 3

Western Midstream Partners

Western Midstream Partners LP

9950 Woodloch Forest Drive Suite 2800,
The Woodlands, Texas 77380
United States,
(346) 786-5000
www.westernmidstream.com

Western Midstream Partners is a growth-oriented Delaware master limited partnership formed to acquire, own, develop and operate midstream energy assets. Western Midstream Partners was founded in 2007 and is based in The Woodlands, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 1 - - - 1 - 2
vol $4.0B $885M $4.9B
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
Meritage Midstream Services II LLC 2023-09-05 885M USD Add-on Acquisition
Golden, Colorado · www.meritagemidstream.com
Western Gas Partners LP 2018-11-08 4.0B USD Divestiture
The Woodlands, Texas · www.westerngas.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Western Gas Partners LP    - Springfield Pipeline LLC 2016-02-24 3
The Woodlands, Texas · www.westerngas.com Houston, Texas
Western Gas Partners LP    - Nuevo Midstream LLC 2014-10-28 2
The Woodlands, Texas · www.westerngas.com Houston, Texas · www.nuevomidstream.com
Western Gas Partners LP    - Red Desert Complex 2012-01-17 1
The Woodlands, Texas · www.westerngas.com , Wyoming

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (100%) 4.9B (100%) - -
Total 2 $4.9B - -

By Geo

State/Country Buy Value Sell Value
United States 2 4.9B - -
  Texas 1 4.0B - -
  Colorado 1 885M - -
Total 2 $4.9B - -

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 1
Legal Deals
Vinson & Elkins
 1
Gibson, Dunn & Crutcher
 1

Deal Values

buy # Total
> $1B 1 $4.0B
$100M to $1B 1 $885M
TOTAL $4.9B
Largest Western Gas Partners LP
$4.0B (2018-11-08)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

3,252   14% 2022
2,877   4% 2021
2,773   1% 2020
2,746   38% 2019
1,990   12% 2018
2,248   25% 2017
1,804   16% 2016
1,561   23% 2015
1,274   2014
(millions of USD) Show More Show Less

Employees

2,022

Established

2007

Public

NYSE: WES

Former Name

Western Gas Equity Partners LP

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