Transactions with Affiliates (Tables)

9 Months Ended

Sep. 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 affiliate contributions of other assets to the Partnership:



	Nine Months Ended September 30,
	2019		2018
thousands	Purchases
Cash consideration	$	—	$	(254	)
Net carrying value	—		59,089
Partners’ capital adjustment	$	—	$	58,835

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



	Three Months Ended September 30,				Nine Months Ended September 30,
thousands	2019		2018		2019		2018
Revenues and other ⁽¹⁾	$	398,753	$	350,291	$	1,162,374	$	925,011
Equity income, net – affiliates ⁽¹⁾	53,893		54,215		175,483		133,874
Operating expenses
Cost of product ⁽¹⁾	61,066		39,702		185,463		112,522
Operation and maintenance ⁽¹⁾	39,459		29,794		110,918		79,621
General and administrative ⁽²⁾	27,724		12,645		73,510		37,595
Total operating expenses	128,249		82,141		369,891		229,738
Interest income ⁽³⁾	4,225		4,225		12,675		12,675
Interest expense ⁽⁴⁾	59		2,035		1,912		4,021
APCWH Note Payable borrowings ⁽⁵⁾	—		77,560		11,000		265,468
Repayment of APCWH Note Payable ⁽⁵⁾	—		—		439,595		—
Distributions to Partnership unitholders ⁽⁶⁾	155,240		99,247		411,125		298,818
Distributions to WES Operating unitholders ⁽⁷⁾	5,763		1,911		13,973		5,642
Above-market component of swap agreements with Anadarko	—		12,601		7,407		40,722


⁽¹⁾	Represents amounts earned or incurred on and subsequent to the date of the acquisition of assets from Anadarko, and amounts earned or incurred by Anadarko on a historical basis for periods prior to the acquisition of such assets.

⁽²⁾

Represents general and administrative expense incurred on and subsequent to the date of the acquisition of assets from Anadarko, and 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 Occidental (see LTIPs and Incentive Plans within this Note 6) and amounts charged by Occidental under the omnibus agreements of the Partnership and WES Operating.


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


⁽⁴⁾	See Note 10.


⁽⁵⁾	See Note 1.


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

⁽⁷⁾

Represents distributions paid to other subsidiaries of Occidental pursuant to 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 September 30,				Nine Months Ended September 30,
thousands	2019		2018		2019		2018
General and administrative ⁽¹⁾	$	26,915	$	12,443	$	71,793	$	36,966
Distributions to WES Operating unitholders ⁽²⁾	288,083		130,249		736,256		381,617

⁽¹⁾

Represents general and administrative expense incurred on and subsequent to the date of the acquisition of assets from Anadarko, and 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 Occidental (see LTIPs and Incentive Plans within this Note 6) and amounts charged by Occidental pursuant to the omnibus agreement of WES Operating.

⁽²⁾

Represents distributions paid to the Partnership and other subsidiaries of Occidental pursuant to WES Operating’s partnership agreement (see Note 4 and Note 5). For the nine months ended September 30, 2019, includes distributions to the Partnership and a subsidiary of Occidental related to the repayment of the WGP RCF (see Note 10).