Western Midstream Partners LP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Assets and Areas of Operation
As of December 31, 2023, our assets and investments consisted of the following:
| WhollyOwned andOperated | OperatedInterests | Non-OperatedInterests | EquityInterests | |
|---|---|---|---|---|
| Gathering systems (1) | 18 | 2 | 3 | 1 |
| Treating facilities | 38 | 3 | — | — |
| Natural-gas processing plants/trains | 24 | 3 | — | 3 |
| NGLs pipelines | 3 | — | — | 5 |
| Natural-gas pipelines | 6 | — | — | 1 |
| Crude-oil pipelines | 3 | 1 | — | 3 |
These assets and investments are located in Texas, New Mexico, the Rocky Mountains (Colorado, Utah, and Wyoming), and North-central Pennsylvania. The following table provides information regarding our assets by geographic region, as of and for the year ended December 31, 2023:
| Area · Asset Type · Miles of Pipeline (1) · Compression (1) (2) · Processing or Treating Capacity (MMcf/d) (1) · Processing, Treating, or Disposal Capacity (MBbls/d) (1) · Average Throughput for Natural-Gas Assets(MMcf/d) (3) · Average Throughput for Crude-Oil and NGLs Assets (MBbls/d) (3) · Average Throughput for Produced-Water Assets(MBbls/d) (3) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Horsepower · % Electric Driven | ||||||||||||
| Texas / New Mexico | Gathering, Processing, Treating, and Disposal | 4,280 | 896,951 | 33% | 2,040 | 2,448 | 2,050 | 289 | 1,029 | |||
| Transportation | 1,978 | — | — | — | — | 324 | 220 | — | ||||
| Rocky Mountains | Gathering, Processing, and Treating | 7,147 | 673,362 | 50% | 3,160 | 221 | 1,986 | 71 | — | |||
| Transportation | 2,243 | — | — | — | — | 113 | 85 | — | ||||
| North-central Pennsylvania | Gathering | 146 | 15,180 | —% | — | — | 120 | — | — | |||
| Total | 15,794 | 1,585,493 | 39% | 5,200 | 2,669 | 4,593 | 665 | 1,029 | ||||
(1)All system metrics are presented on a gross basis and include owned and leased compressors at certain facilities. Includes horsepower associated with liquid pump stations. Includes bypass capacity at the DJ Basin and West Texas complexes.
(2)Excludes compression horsepower for transportation.
(3)Includes throughput for all assets owned and ownership interests accounted for by us under the equity method of accounting. For further details see Properties below.
Our operations are organized into a single operating segment that engages in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, NGLs, and crude oil; and gathering and disposing of produced water. See Part II, Item 8 of this Form 10-K for disclosure of revenues and operating income (loss) for the years ended December 31, 2023, 2022, and 2021, and total assets for the years ended December 31, 2023 and 2022.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.