4//SEC Filing
OCCIDENTAL PETROLEUM CORP /DE/ 4
Accession 0001140361-20-020565
$OXYCIK 0001423902operating
Filed
Sep 14, 8:00 PM ET
Accepted
Sep 15, 9:34 PM ET
Size
15.5 KB
Accession
0001140361-20-020565
Insider Transaction Report
Form 4
APC Midstream Holdings, LLC
10% Owner
Transactions
- Disposition to Issuer
Common Units (Limited Partner Interests)
2020-09-11−27,855,398→ 214,281,578 total(indirect: See Footnotes)
WESTERN GAS RESOURCES INC
10% Owner
Transactions
- Disposition to Issuer
Common Units (Limited Partner Interests)
2020-09-11−27,855,398→ 214,281,578 total(indirect: See Footnotes)
Anadarko E&P Onshore LLC
10% Owner
Transactions
- Disposition to Issuer
Common Units (Limited Partner Interests)
2020-09-11−27,855,398→ 214,281,578 total(indirect: See Footnotes)
OCCIDENTAL PETROLEUM CORP /DE/
10% Owner
Transactions
- Disposition to Issuer
Common Units (Limited Partner Interests)
2020-09-11−27,855,398→ 214,281,578 total(indirect: See Footnotes)
WGR Asset Holding Co LLC
10% Owner
Transactions
- Disposition to Issuer
Common Units (Limited Partner Interests)
2020-09-11−27,855,398→ 214,281,578 total(indirect: See Footnotes)
Kerr-McGee Worldwide Corp
10% Owner
Transactions
- Disposition to Issuer
Common Units (Limited Partner Interests)
2020-09-11−27,855,398→ 214,281,578 total(indirect: See Footnotes)
Footnotes (4)
- [F1]On September 11, 2020, the Issuer entered into a unit redemption agreement with Anadarko Petroleum Corporation ("APC"), pursuant to which the Issuer redeemed and canceled 27,855,398 Common Units (the "Subject Units"), in exchange for the Issuer transferring and assigning its pro rata portion of a 30-year note bearing interest at a fixed annual rate of 6.50% owed by APC to the Issuer (the "APC Note"), with APC canceling and retiring such portion of the APC Note and the principal and accrued interest owed thereunder. In connection with the foregoing transaction: (i) Anadarko E&P Onshore LLC, ("AE&P") transferred 17,221,724 Common Units to Anadarko USH1 Corporation ("Anadarko USH1"), (ii) APC acquired 24,313,701 Common Units from APC Midstream Holdings, LLC ("APCMH"), 684,922 Common Units from Kerr-McGee Worldwide Corporation ("KMWW"), and 2,856,775 Common Units from Anadarko USH1.
- [F2]Following the transaction reported herein, Western Gas Resources, Inc. ("WGR") holds 170,380,161 Common Units, WGR Asset Holding Company LLC ("WGRAH") holds 38,139,260 Common Units, APCMH holds 457,849 Common Units and Anadarko USH1 holds 14,365,949 Common Units. Neither AE&P nor KMWW directly hold any Common Units following the transaction reported herein.
- [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, OPM and Oxy USA together own 100% of the membership interests of New OPL, LLC ("OPL"). OPL owns 100% of the outstanding common stock of Baseball Merger Sub 2, Inc. ("BMS").
- [F4]APC is a wholly owned subsidiary of BMS. APC owns (i) 100% of Anadarko Holding Company ("AHC") and (ii) indirectly, 100% of the common stock of WGR and Kerr-McGee Corporation ("KMG"). WGR is the sole member of APCMH, and APCMH is the sole member of WGRAH. KMG and AHC together own 100% of the common stock of KMWW, and APC and KMWW together indirectly own 100% of the common stock of Anadarko USH1. Accordingly, Oxy USA, OPM, OOP, OPL, BMS, APC, AHC, WGR, Anadarko USH1, KMG, APCMH, WGRAH and KMWW are all direct or indirect wholly owned subsidiaries of Occidental.
Documents
Issuer
Western Midstream Partners, LP
CIK 0001423902
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000797468
Filing Metadata
- Form type
- 4
- Filed
- Sep 14, 8:00 PM ET
- Accepted
- Sep 15, 9:34 PM ET
- Size
- 15.5 KB