U.S. Markets open in 4 hrs 5 mins

Western Gas Equity files to sell 5M common units for Anadarko subsidiary

Western Gas Equity Partners (WGP) announced that Western Gas Resources, a subsidiary of Anadarko Petroleum Corporation, has launched an underwritten offering of 5,000,000 common units representing limited partner interests in the Partnership. Western Gas Resources will receive all of the net proceeds from such offering. Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co., Morgan Stanley & Co. LLC, Barclays Capital Inc., UBS Securities LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and RBC Capital Markets, LLC are acting as joint book-running managers of the offering.