Transactions with Affiliates (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
thousands	2019		2018		2019		2018
Revenues and other ⁽¹⁾	$	385,184	$	289,544	$	763,621	$	574,720
Equity income, net – affiliates ⁽¹⁾	63,598		49,430		121,590		79,659
Cost of product ⁽¹⁾	68,225		38,001		124,397		72,820
Operation and maintenance ⁽¹⁾	32,318		26,826		71,459		49,827
General and administrative ⁽²⁾	26,892		12,262		45,786		24,950
Operating expenses	127,435		77,089		241,642		147,597
Interest income ⁽³⁾	4,225		4,225		8,450		8,450
Interest expense ⁽⁴⁾	20		1,409		1,853		1,986
APCWH Note Payable borrowings ⁽⁵⁾	—		81,343		11,000		187,908
Repayment of APCWH Note Payable ⁽⁵⁾	—		—		439,595		—
Distributions to Partnership unitholders ⁽⁶⁾	153,231		101,571		255,885		199,571
Distributions to WES Operating unitholders ⁽⁷⁾	5,667		1,881		8,210		3,731
Above-market component of swap agreements with Anadarko	—		13,839		7,407		28,121


⁽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⁾	See 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 June 30,				Six Months Ended June 30,
thousands	2019		2018		2019		2018
General and administrative ⁽¹⁾	$	26,380	$	12,044	$	44,878	$	24,523
Distributions to WES Operating unitholders ⁽²⁾	283,271		127,204		448,173		251,368

⁽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 six months ended June 30, 2019, includes distributions to the Partnership and a subsidiary of Anadarko related to the repayment of the WGP RCF (see Note 10).