Transactions with Affiliates (Tables)

9 Months Ended

Sep. 30, 2018

The tables below summarize the swap prices compared to the forward market prices:



	DJ Basin Complex
per barrel except natural gas	2017 - 2018 Swap Prices		2017 Market Prices ⁽¹⁾		2018 Market Prices ⁽¹⁾
Ethane	$	18.41	$	5.09	$	5.41
Propane	47.08		18.85		28.72
Isobutane	62.09		26.83		32.92
Normal butane	54.62		26.20		32.71
Natural gasoline	72.88		41.84		48.04
Condensate	76.47		45.40		49.36
Natural gas (per MMBtu)	5.96		3.05		2.21



	MGR Assets
per barrel except natural gas	2017 - 2018 Swap Prices		2017 Market Prices ⁽¹⁾		2018 Market Prices ⁽¹⁾
Ethane	$	23.11	$	4.08	$	2.52
Propane	52.90		19.24		25.83
Isobutane	73.89		25.79		30.03
Normal butane	64.93		25.16		29.82
Natural gasoline	81.68		45.01		47.25
Condensate	81.68		53.55		56.76
Natural gas (per MMBtu)	4.87		3.05		2.21


⁽¹⁾	Represents the New York Mercantile Exchange forward strip price as of December 1, 2016, and December 20, 2017, for the 2017 Market Prices and 2018 Market Prices, respectively, adjusted for product specification, location, basis and, in the case of NGLs, transportation and fractionation costs.

Related Party Transactions Tables

The following table summarizes WES’s purchases from Anadarko of pipe and equipment:



	Nine Months Ended September 30,
thousands	2018			2017
Cash consideration	$	254		$	3,910
Net carrying value	(254		)	(5,283		)
Partners’ capital adjustment	$	—		$	(1,373	)

The following table summarizes material affiliate transactions:



	Three Months Ended September 30,				Nine Months Ended September 30,
thousands	2018		2017		2018		2017
Revenues and other ⁽¹⁾	$	274,514	$	351,127	$	766,179	$	982,595
Equity income, net – affiliates ⁽¹⁾	43,110		21,519		102,752		62,708
Cost of product ⁽¹⁾	46,971		22,902		131,428		60,497
Operation and maintenance ⁽²⁾	25,145		18,110		68,830		53,661
General and administrative ⁽³⁾	11,780		10,414		35,000		29,637
Operating expenses	83,896		51,426		235,258		143,795
Interest income ⁽⁴⁾	4,225		4,225		12,675		12,675
Interest expense ⁽⁵⁾	—		—		—		71
Settlement of the Deferred purchase price obligation – Anadarko ⁽⁶⁾	—		—		—		(37,346		)
Distributions to WGP unitholders ⁽⁷⁾	99,247		94,205		298,818		264,533
Distributions to WES unitholders ⁽⁸⁾	1,911		1,790		5,642		5,280
Above-market component of swap agreements with Anadarko	12,601		18,049		40,722		46,719


⁽¹⁾	Represents amounts earned or incurred on and subsequent to the date of the acquisition of WES assets, as well as amounts earned or incurred by Anadarko on a historical basis related to WES assets prior to the acquisition of such assets by WES, recognized under gathering, treating or processing agreements, and purchase and sale agreements.


⁽²⁾	Represents expenses incurred on and subsequent to the date of the acquisition of WES assets, as well as expenses incurred by Anadarko on a historical basis related to WES assets prior to the acquisition of such assets by WES.

⁽³⁾

Represents general and administrative expense incurred on and subsequent to the date of the acquisition of WES assets, as well as a management services fee for reimbursement of expenses incurred by Anadarko for periods prior to the acquisition of WES assets by WES. These amounts include equity-based compensation expense allocated to WES and WGP by Anadarko (see WES LTIP and Anadarko Incentive Plan within this Note 6) and amounts charged by Anadarko under the WGP and WES omnibus agreements.


⁽⁴⁾	Represents interest income recognized on the note receivable from Anadarko.


⁽⁵⁾	Includes amounts related to the Deferred purchase price obligation - Anadarko (see Note 3 and Note 10).


⁽⁶⁾	Represents the cash payment to Anadarko for the settlement of the Deferred purchase price obligation - Anadarko (see Note 3).


⁽⁷⁾	Represents distributions paid under WGP’s partnership agreement (see Note 4 and Note 5).


⁽⁸⁾	Represents distributions paid to other subsidiaries of Anadarko under WES’s partnership agreement (see Note 4 and Note 5).