Related-Party Transactions (Tables)

6 Months Ended

Jun. 30, 2021

The following tables summarize material related-party transactions included in the Partnership’s consolidated financial statements:


Consolidated statements of operations
	Three Months Ended June 30,				Six Months Ended June 30,
thousands	2021		2020		2021		2020
Revenues and other
Service revenues – fee based	$	402,684	$	460,138	$	770,159	$	907,921
Service revenues – product based	3,658		1,168		8,163		4,146
Product sales	9,101		12,136		15,372		43,760
Total revenues and other	415,443		473,442		793,694		955,827
Equity income, net – related parties (1)	58,666		54,415		110,831		115,762
Operating expenses
Cost of product	18,937		5,967		36,584		83,870
Operation and maintenance	2,915		1,516		21,037		34,357
General and administrative (2)	7,102		10,994		11,195		32,849
Total operating expenses	28,954		18,477		68,816		151,076

Interest income – Anadarko note receivable	—		4,225		—		8,450

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(1)See Note 7.

(2)Includes (i) amounts charged by Occidental pursuant to the shared services agreement (see Services Agreement within this Note 6) and (ii) equity-based compensation expense allocated to the Partnership by Occidental, which is not reimbursed to Occidental and is reflected as a contribution to partners’ capital in the consolidated statements of equity and partners’ capital (see Incentive Plans within this Note 6).





Consolidated balance sheets

thousands	June 30, 2021		December 31, 2020
Assets
Accounts receivable, net	$	278,913	$	291,253
Other current assets	32,805		5,493

Equity investments (1)	1,195,456		1,224,813
Other assets	77,130		50,967
Total assets	1,584,304		1,572,526
Liabilities
Accounts and imbalance payables	8,538		6,664

Accrued liabilities	43,571		19,195
Other liabilities	170,721		138,796
Total liabilities	222,830		164,655

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(1)See Note 7.

6. RELATED-PARTY TRANSACTIONS


Consolidated statements of cash flows
	Six Months Ended June 30,
thousands	2021		2020
Distributions from equity-investment earnings – related parties	$	110,763	$	124,156
Acquisitions from related parties	(2,000)		—
Contributions to equity investments – related parties	(3,508)		(16,064)
Distributions from equity investments in excess of cumulative earnings – related parties	21,373		13,340


Distributions to Partnership unitholders (1)	(130,518)		(225,914)
Distributions to WES Operating unitholders (2)	(5,292)		(8,676)
Net contributions from (distributions to) related parties	4,508		21,832

Finance lease payments	—		(6,382)

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

(2)Represents distributions paid to a certain subsidiary of Occidental pursuant to WES Operating’s partnership agreement (see Note 4 and Note 5).

WES Operating [Member]

Related-Party Transactions Tables

The following tables summarize material related-party 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:


Consolidated statements of operations

	Three Months Ended June 30,				Six Months Ended June 30,
thousands	2021		2020		2021		2020
General and administrative (1)	$	7,699	$	11,168	$	12,286	$	32,906

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(1)Includes (i) amounts charged by Occidental pursuant to the shared services agreement (see Services Agreement within this Note 6), (ii) equity-based compensation expense allocated to WES Operating by Occidental, which is not reimbursed to Occidental and is reflected as a contribution to partners’ capital in the consolidated statements of equity and partners’ capital (see Incentive Plans within this Note 6), and (iii) an intercompany service fee between the Partnership and WES Operating.





Consolidated balance sheets
thousands	June 30, 2021		December 31, 2020
Accounts receivable, net	$	278,913	$	246,083
Accounts and imbalance payables (1)	37,006		6,664

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(1)As of June 30, 2021, includes balances related to transactions between the Partnership and WES Operating.


Consolidated statements of cash flows

	Six Months Ended June 30,
thousands		2021		2020

Distributions to WES Operating unitholders (1)		$	(264,500)	$	(433,718)

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(1)Represents distributions paid to the Partnership and a certain subsidiary of Occidental pursuant to WES Operating’s partnership agreement (see Note 4 and Note 5).