Western Midstream Partners, LP (WES) Announces Secondary Offering of Units

Western Midstream Partners, LP (NYSE: WES) ("WES") announced today the commencement of an underwritten secondary public offering of 19,000,000 common units representing limited partner interests in WES ("Common Units") by affiliates of Occidental (NYSE: OXY) (the "Selling Unitholders"). The Selling Unitholders intend to grant Barclays, as the underwriter, a 30-day option to purchase up to 2,850,000 additional Common Units from the Selling Unitholders. WES is not selling any Common Units in the offering and will not receive any proceeds from the sale of Common Units in the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.

Barclays is acting as the sole book-running manager for the offering. The offering will be made only by means of the prospectus supplement and accompanying base prospectus, which is part of a shelf registration statement that became effective on March 30, 2023, copies of which may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by phone at 1-888-603-5847 or by email at [email protected]. An electronic copy of the prospectus supplement and accompanying base prospectus is available from the U.S. Securities and Exchange Commission's website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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