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April 29, 2008
Anadarko Commences Midstream MLP IPO

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Anadarko Petroleum Corp., The Woodland, Texas, (NYSE: APC) has commenced the IPO of its midstream MLP Western Gas Partners LP for 18.75 million units at approximately $17 to $19 each for a total raise of up to $356.3 million on the New York Stock Exchange as WES.


Western Gas Partners has a total 2,812 miles of pipeline in East Texas, West Texas, the Rockies and the Midcontinent with approximately 2,500 reception points. Anadarko has dedicated to the MLP all gas production it owns or controls from wells connected to Western Gas Partners’ gathering systems, and additional wells that are drilled within one mile of connected wells or its gathering systems.

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