Western Midstream Partners LP (WES) announced the pricing of underwritten secondary public offering of 19 million common units representing limited partner interests in WES by affiliates of Occidental (OXY), for gross proceeds of $685.9 million.
The offering is expected to close on August 14, 2024.
The Selling Unitholders have granted Barclays, as the underwriter, a 30-day option to purchase up to 2.85 million additional Common Units from the Selling Unitholders at the public offering price less underwriting discounts and commissions.
Western Midstream Partners noted that it is not selling any Common Units in the offering and will not receive any proceeds from the sale of common Units in the offering.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.