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Noncontrolling Interests
12 Months Ended
Dec. 31, 2012
Disclosure Text Block [Abstract]  
Noncontrolling Interests

10.  Noncontrolling Interests

 

       In December 2012, Western Gas Equity Partners, LP (WGP), a consolidated subsidiary formed to own Anadarko's partnership interests in WES, completed its initial public offering (IPO) of approximately 20 million common units representing limited partner interests in WGP at a price of $22.00 per common unit, for net proceeds of $411 million. At December 31, 2012, Anadarko's ownership interest in WGP consisted of a 91.0% limited partner interest and the entire general partner interest.

       WES, a consolidated subsidiary, is a limited partnership formed by Anadarko to own, operate, acquire, and develop midstream assets. WES issued approximately 5 million common units to the public raising net proceeds of $212 million in 2012, approximately 10 million common units were issued to the public raising net proceeds of $328 million in 2011, and approximately 13 million common units were issued to the public raising net proceeds of $338 million in 2010. At December 31, 2012, WGP's ownership interest in WES consisted of a 46.2% limited partner interest, the entire 2.0% general partner interest, and all of the WES incentive distribution rights.