Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

OCCIDENTAL PETROLEUM CORP /DE/ Director's Dealing 2020

Jan 3, 2020

30025_dirs_2020-01-03_070e7aee-8f52-45a2-a630-d50f1be7e88d.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Western Midstream Partners, LP (WES)
CIK: 0001423902
Period of Report: 2019-12-31

Reporting Person: OCCIDENTAL PETROLEUM CORP /DE/ (N/A)
Reporting Person: OXY USA INC (N/A)
Reporting Person: Occidental Permian Manager LLC (N/A)
Reporting Person: OXY Oil Partners, Inc. (N/A)
Reporting Person: Occidental Permian Ltd. (N/A)
Reporting Person: Baseball Merger Sub 2, Inc. (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2019-12-31 Common Units (Limited Partner Interests) D 9060641 Disposed 242136976 Indirect

Footnotes

F1: On December 31, 2019, the Issuer entered into a partnership interests exchange agreement with Western Gas Resources, Inc. ("WGR") and Western Midstream Holdings, LLC (the "General Partner"), pursuant to which the Issuer cancelled the non-economic general partner interest in the Issuer held by the General Partner and simultaneously issued 9,060,641 general partner units representing a 2.0% economic general partner interest in the Issuer to the General Partner, in exchange for which WGR transferred 9,060,641 Common Units (the "Consideration Units") equal to 2.0% of all issued and outstanding Common Units to the General Partner, and the General Partner then transferred the Consideration Units to the Issuer, which the Issuer cancelled immediately upon receipt.

F2: Following the transaction reported herein, 161,319,520 Common Units are held by WGR, 24,771,550 Common Units are held by APC Midstream Holdings, LLC ("AMH"), 38,139,260 Common Units are held by WGR Asset Holding Company LLC ("WGRAH"), 684,922 Common Units are held by Kerr-McGee Worldwide Corporation ("KWC") and 17,221,724 Common Units are held by Anadarko E&P Onshore LLC ("AE&P").

F3: Oxy USA Inc. ("Oxy USA") is a wholly owned subsidiary of Occidental Petroleum Corporation ("Occidental"). Oxy USA owns 100% of the outstanding membership interests of Occidental Permian Manager LLC ("OPM") and 100% of the common stock of OXY Oil Partners, Inc. ("OOP"). OOP is the limited partner of Occidental Permian Ltd. ("OPL") holding 98% of its partnership interests. OPM is the general partner of OPL, owning 2% of its outstanding partnership interests. OPL owns 100% of the outstanding common stock of Baseball Merger Sub 2, Inc. ("BMS").

F4: Anadarko Petroleum Corporation ("Anadarko") is a wholly owned subsidiary of BMS. Anadarko owns (i) 100% of Anadarko Holding Company ("AHC"), (ii) directly and indirectly, 100% of the common stock of WGR and Kerr-McGee Corporation ("KMG"), and (iii) indirectly, 100% of the outstanding membership interests in Anadarko Consolidated Holdings LLC ("ACH"). WGR is the sole member of AMH, which is the sole member of WGRAH. KMG and AHC together own 100% of the common stock of KWC. ACH is the sole member of AE&P. Accordingly, Oxy USA, OPM, OOP, OPL, BMS, Anadarko, WGR, AMH, WGRAH, KWC and AE&P are all direct or indirect wholly owned subsidiaries of Occidental.