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Does Western Gas’s Consolidation Make Its Yield Attractive?

Ruth King
Does Western Gas’s Consolidation Make Its Yield Attractive?

On November 8, Western Gas Equity Partners (WGP) announced an agreement to acquire Western Gas Partners (WES) in a unit-for-unit exchange. Once completed, Western Gas Equity Partners is to own ~98% of WES and parent Anadarko Petroleum (APC) will own ~2%. The acquisition is expected to complete in Q1 2019.