Western Midstream issues statement regarding reports of sales process

Western Midstream (WES) is aware of recent news coverage indicating that WES is working towards a sales process. WES has not launched a sales process nor has it engaged bankers or other advisors with a view toward doing so. The company said, “We are aware, as has been publicly stated, that Occidental Petroleum (OXY) has expressed interest in divesting assets. We cannot speak to the composition of the assets Oxy may seek to divest, and any questions regarding Oxy’s ownership interest in WES should be directed to Oxy.