March 23, 2021
Western Midstream Partners, LP (NYSE: WES) (WES) has announced the pricing of the previously announced underwritten secondary public offering of 10,000,000 common units representing limited partner interests in WES by an affiliate of Occidental Petroleum Corporation, for gross proceeds of US$173.5 million. The offering was upsized from a previously announced offering size of 8,000,000 Common Units.
Latham & Watkins LLP represents Western Midstream Partners in the transaction with a corporate deal team led by Houston partners John Greer and Bill Finnegan, with Houston associates Ryan Lynch, Lexi Santa Ana, Jessica Sherman, and Kirby Swartz. Advice was also provided on tax matters by Houston partners Tim Fenn and Jim Cole, with Houston associates Mike Rowe and Marianne Standley; and on environmental matters by Houston partner Joel Mack and Los Angeles counsel Joshua Marnitz.