Transactions with Affiliates (Tables)

3 Months Ended

Mar. 31, 2019

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



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



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


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

Related Party Transactions Tables

The following table summarizes material affiliate transactions included in the Partnership’s consolidated financial statements:



	Three Months Ended March 31,
thousands	2019		2018
Revenues and other ⁽¹⁾	$	378,437	$	285,176
Equity income, net – affiliates ⁽¹⁾	57,992		30,229
Cost of product ⁽¹⁾	56,172		34,819
Operation and maintenance ⁽¹⁾	39,141		23,001
General and administrative ⁽²⁾	18,894		12,688
Operating expenses	114,207		70,508
Interest income ⁽³⁾	4,225		4,225
Interest expense ⁽⁴⁾	1,833		577
APCWH Note Payable borrowings ⁽⁵⁾	11,000		106,565
Repayment of APCWH Note Payable ⁽⁵⁾	439,595		—
Distributions to Partnership unitholders ⁽⁶⁾	102,654		98,000
Distributions to WES Operating unitholders ⁽⁷⁾	2,543		1,850
Above-market component of swap agreements with Anadarko	7,407		14,282


⁽¹⁾	Represents amounts earned or incurred on and subsequent to the date of the acquisition of Partnership assets, as well as amounts earned or incurred by Anadarko on a historical basis related to the Partnership assets prior to the acquisition of such assets.

⁽²⁾

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


⁽³⁾	Represents interest income recognized on the note receivable from Anadarko.


⁽⁴⁾	Includes amounts related to the APCWH Note Payable (see Note 1 and Note 10).


⁽⁵⁾	See Note 1.


⁽⁶⁾	Represents distributions paid to Anadarko under the partnership agreement of the Partnership (see Note 4 and Note 5).


⁽⁷⁾	Represents distributions paid to other subsidiaries of Anadarko under WES Operating’s partnership agreement (see Note 4 and Note 5).

WES Operating [Member]

Related Party Transactions Tables

The following table summarizes affiliate transactions for WES Operating (which are included in the Partnership’s consolidated financial statements) to the extent the amounts differ from the Partnership’s consolidated financial statements:



	Three Months Ended March 31,
thousands	2019		2018
General and administrative ⁽¹⁾	$	18,498	$	12,479
Distributions to WES Operating unitholders ⁽²⁾	164,902		124,164

⁽¹⁾

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


⁽²⁾	Represents distributions paid to the Partnership and other subsidiaries of Anadarko under WES Operating’s partnership agreement (see Note 4 and Note 5). For the three months ended March 31, 2019, includes distributions to the Partnership and a subsidiary of Anadarko related to the repayment of the WGP RCF (see Note 10).