Occidental group reports 40.6% stake in Western Midstream
Rhea-AI Filing Summary
Western Midstream Partners, LP received an updated ownership disclosure from Occidental Petroleum and its affiliates through Amendment No. 8 to a Schedule 13D. The reporting group states that they beneficially own 165,681,578 common units, representing 40.6% of Western Midstream’s common units, based on 407,995,725 units outstanding as of October 31, 2025.
The amendment also describes a Unit Redemption Agreement dated January 16, 2026, under which Western Gas Resources, Inc. will transfer and surrender 15,307,402 common units to Western Midstream on February 3, 2026. This redemption is tied to amendments to key gas gathering and gas processing agreements that adjust minimum volume commitments, gathering fees, and rate structures, and add provisions for a related gathering, processing and treating agreement with an affiliate.
Positive
- None.
Negative
- None.
Insights
Occidental-affiliated entities report a 40.6% stake and agree to redeem over 15.3 million Western Midstream units tied to revised commercial contracts.
The filing shows Occidental Petroleum Corporation and related entities reporting beneficial ownership of 165,681,578 common units of Western Midstream Partners, LP, equal to 40.6% of the common units based on 407,995,725 units outstanding as of October 31, 2025. Ownership is held through several subsidiaries, including Western Gas Resources, Inc., APC Midstream Holdings, LLC and Anadarko USH1 Corporation, reflecting a layered corporate structure.
The amendment highlights a Unit Redemption Agreement dated January 16, 2026, where Western Gas Resources, Inc. will transfer and surrender 15,307,402 common units to Western Midstream on February 3, 2026. This redemption is connected to amendments to a Gas Gathering Agreement and a Gas Processing Contract that introduce a minimum volume commitment for Anadarko E&P Onshore LLC, reduce gathering fees charged by Delaware Basin Midstream LLC, move to a fixed-fee rate structure, and add provisions for a separate agreement with Permian Delaware Enterprises Holdings LLC.
The filing states that, aside from the described arrangements, the reporting group has not effected other transactions in the common units during the past 60 days. Future company disclosures may provide additional context on how the redemption and amended commercial terms influence Western Midstream’s cash flows and unit count.
FAQ
How many Western Midstream (WES) units do Occidental and affiliates report owning?
What key transaction is described in Amendment No. 8 for Western Midstream (WES)?
Why is Western Gas Resources, Inc. surrendering units to Western Midstream (WES)?
What changes are made to the Gas Gathering Agreement in this Western Midstream (WES) filing?
What is added to the Gas Processing Contract in the Western Midstream (WES) amendment?
Do the reporting entities claim full beneficial ownership of Western Midstream (WES) units?
AI-generated analysis. How Rhea-AI works. Not financial advice.