The new agreements advance WES’ transition to fixed-fee arrangements in the maturing basin, The Woodlands, Texas-based company said.
Western Midstream Partners LP (WES) announced Tuesday it has amended its natural gas gathering and processing contracts in the Delaware Basin with Occidental Petroleum Corp and expanded its partnership with ConocoPhillips in the same basin.
The new agreements with ConocoPhillips and Occidental advance WES’ transition to fixed-fee arrangements in the maturing basin, The Woodlands, Texas-based company said in a statement on its website. The previous agreement with Occidental already provided for a transition to a fixed-fee structure; the new agreement speeds up that transition, according to WES…