WESTERN MIDSTREAM ANNOUNCES APPOINTMENT OF ROBERT G. PHILLIPS AS INDEPENDENT DIRECTOR

Core Viewpoint - Western Midstream Partners, LP has appointed Robert G. Phillips as an independent member of its general partner's board of directors, bringing extensive experience in the midstream industry to the company [1][4]. Group 1: Appointment and Experience - Robert G. Phillips has over 47 years of experience in the midstream industry and recently retired as the Founder, Chairman, and CEO of Crestwood Equity Partners LP after its merger with Energy Transfer LP in November 2023 [1][2]. - Phillips founded Crestwood in 2010, leading its growth to an enterprise value exceeding $7.1 billion through organic growth and M&A activities, including mergers with Oasis Midstream Partners LP and Inergy Midstream L.P. [2]. - Prior to Crestwood, Phillips held leadership positions at Enterprise Products Partners L.P., GulfTerra Energy Partners, L.P., and Eastex Energy, Inc. [2]. Group 2: Current Roles and Contributions - Currently, Phillips serves as an independent director of South Bow Corporation and Enstor Inc., the largest privately owned natural gas storage company in the U.S. [3]. - He has been involved with the Energy Infrastructure Council since its inception in 2019 and co-chaired the ESG Committee focused on developing industry-wide Sustainability Standards [3]. Group 3: Company Strategy and Board Composition - The CEO of WES expressed confidence that Phillips' expertise will be instrumental in executing the company's strategy of capital-efficient growth and creating long-term value for stakeholders [4]. - With Phillips' addition, the board of directors of WES's general partner will consist of eight members, four of whom are independent [4]. Group 4: Company Overview - Western Midstream Partners, LP is a master limited partnership focused on developing, acquiring, owning, and operating midstream assets across Texas, New Mexico, Colorado, Utah, and Wyoming [5]. - The company engages in gathering, compressing, treating, processing, and transporting natural gas, as well as handling condensate, natural-gas liquids, crude oil, and produced water [5]. - A substantial majority of WES's cash flows are protected from direct exposure to commodity price volatility through fee-based contracts [5].