Western Midstream Partners, LP and Western Midstream Holdings LLC Announces Management Changes
September 14, 2020 at 07:38 pm EDT
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Western Midstream Partners, LP and Western Midstream Holdings LLC announced that Michael Pearl has left his position as senior vice president. Western Midstream Holdings LLC, the MLP's general partner, also has reduced the size of its board from 11 to eight directors, per the release. Steven D. Arnold, Marcia E. Backus, James R. Crane, Thomas R. Hix, Craig W. Stewart and David J. Tudor are leaving the board immediately, and three new directors have been added that are Kenneth F. Owen, David J. Schulte and Lisa A. Stewart. The new directors will all serve on the Audit Committee and the Special Committee of the board, with Owen chairing the former and Schulte chairing the latter.
Western Midstream Partners, LP acquires, owns, develops and operates midstream assets. The Company is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas, gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, and gathering and disposing of produced water. The Companyâs midstream assets are located in Texas, New Mexico, Colorado, Utah and Wyoming. In addition, in its capacity as a processor of natural gas, the Company also buys and sells natural gas, NGLs, and condensate on behalf of itself and as an agent for its customers under certain contracts. The Companyâs subsidiaries include Western Midstream Operating GP, LLC, Western Midstream Services, LLC, Western Midstream Services Holdings, LLC and Western Midstream Operating, LP.