Western Gas Equity Partners (WGP) Launches 15M Share IPO

December 3, 2012 6:43 AM EST
Western Gas Equity Partners, LP (NYSE: WGP) announced that it has commenced an initial public offering of 15,000,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (the “SEC”). Western Gas Equity Partners expects to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 common units. The common units will be listed on the New York Stock Exchange and traded under the symbol “WGP.”

Western Gas Equity Partners is a Delaware master limited partnership formed to own three types of partnership interests in Western Gas Partners, LP (NYSE: WES), a publicly traded limited partnership (“WES”). WES is a growth-oriented Delaware master limited partnership organized by Anadarko Petroleum Corporation (NYSE: APC) to own, operate, acquire and develop midstream energy assets. Western Gas Equity Partners’ only cash-generating assets consist of partnership interests in WES.

Barclays, Citigroup, Deutsche Bank Securities and Morgan Stanley are acting as joint book-running managers for the offering. The offering will be made only by means of a prospectus, copies of which may be obtained from:

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