Western Midstream Deal to Sell Marcellus Gathering Systems Share

Two days ago, MDN told you about the rumor that Occidental Petroleum is considering a sale of its majority share in Western Midstream Partners for $20 billion, looking to work down a big pile of debt (see Sources: Occidental Looking to Sell Its Share of Western Midstream). That post was mainly about the dispute over whether Oxy can actually "sell" the Western Midstream company as it is a standalone company. However, our interest is in one of the smaller assets part of Western's portfolio, three gathering systems in Central PA.

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