Western Gas Buys Chipeta Processing

Western Gas Partners LP (NYSE: WES) has purchased an additional 24 percent interest in Chipeta Processing LLC from Anadarko Petroleum Corp. (NYSE: APC) for $135 million in cash and stock.

As a result of the deal, Western Gas now owns 75% of the natural gas processing complex, which includes three processing trains: a 240 MMcf/d capacity refrigeration unit completed in November of 2007, a 250 MMcf/d capacity cryogenic unit commissioned in April 2009, and a 300 MMcf/d capacity cryogenic unit (“Train III”), scheduled to come on line in the third quarter of 2012.