Western Midstream renegotiates Occidental contracts, to get $610 million in unit transfer

Core Viewpoint - Western Midstream Partners has successfully renegotiated contracts with Occidental Petroleum for natural gas gathering and processing in the Delaware Basin [1] Company Summary - Western Midstream Partners is involved in natural gas gathering and processing operations [1] - The renegotiation of contracts indicates a strategic move to enhance operational efficiency and potentially improve financial performance [1] Industry Summary - The Delaware Basin remains a critical area for natural gas production, and partnerships between midstream companies and producers like Occidental Petroleum are essential for optimizing resource extraction and processing [1]