Western Midstream Partners LP

Our mission is to improve lives through safe, sustainable, and efficient energy delivery. Our primary business objective is to create long-term value for our unitholders through continued delivery of profitable operations and increasing returns of capital to stakeholders over time. Our foundational principles of operational excellence, superior customer service, and sustainable operations influence our decision making and long-term strategy. In support of our mission and to accomplish our primary business objective, we intend to execute the following strategy:

•Capitalizing on core assets and organic growth opportunities. We intend to grow certain of our systems organically over time by meeting our customers’ midstream service needs that arise from drilling activity in our areas of operation. We continually pursue economically attractive organic business development and expansion opportunities in existing or new areas of operation that allow us to leverage our infrastructure, operating expertise, and customer relationships to meet new or increased demand of our services.

•Enhancing our growth through systematic acquisition activity. We intend to continue to be opportunistic in our approach to adding assets, business lines, and geographies that fit with our mission and competencies in a methodical and systematic manner. The purpose of this activity, when combined with organic growth, is to maintain our return of capital levels and drive sustainable, long-term distribution growth.

•Controlling our operating, capital, and administrative costs. We intend to maintain our focus on generating efficiencies between our commercial, engineering, and operations teams, as well as optimizing and maximizing the operability of our existing assets to realize cost and capital savings. We expect to continue to drive operational efficiencies and sustainable cost savings throughout the organization.

•Optimizing the return of cash to stakeholders. We intend to operate our assets and make strategic capital decisions that optimize our leverage levels consistent with investment-grade metrics in our sector while returning additional excess cash flow to stakeholders that enhances overall return.

•Generating stable cash flows. We intend to continue generating low-volatility cash flows through commodity-price cycles by pursuing fee-based contracts with risk-reducing protections in place, such as minimum-volume commitments and cost-of-service provisions.