Western Gas Partners LP (NYSE:WES) has declared a cash distribution of $0.34 per unit for the first quarter of 2010. This shows a 3.0% increase in the company’s dividend for the previous quarter. It is also the company’s 4th consecutive quarterly increase. The company will pay the distribution on May 14, 2010. The distribution will be paid to unitholders of record as of the close of business on April 30, 2010.
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Western Gas will release the financial results for the first quarter of 2010 on Wednesday, May 5, 2010. The release of the financial results will be followed by a conference call the following morning at 9:00 am CT to review the results. For more information on how to access the call, visit www.westerngas.com closer to the event date.
Western Gas Partners, LP (Partnership) is a limited partnership organized by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. The Company is engaged in the business of gathering, compressing, treating, processing and transporting natural gas for Anadarko. As of December 31, 2009, its assets consist of nine gathering systems, six natural gas treating facilities, four gas processing facilities, one natural gas liquid (NGL) pipeline and one interstate pipeline. The Company’s assets are located in East and West Texas, the Rocky Mountains and the Mid-Continent. In July 2009, the Company acquired a 51% interest in Chipeta Processing LLC (Chipeta).
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