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Western Midstream Q2 Natural Gas Throughput Rises QOQ

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Western Midstream Partners' (WES) throughput at natural gas assets rose to 5.52 billion cubic feet per day in Q2, relative to Q1's 5.39 bcf/d, as throughput in the Delaware and the Denver-Julesberg or DJ basins reached record-highs.

Natural gas throughput in the Delaware Basin stood at 2.14 bcf/d in Q2, up from 2.04 bcf/d in the previous quarter, following the Brazos Delaware acquisition.

In the DJ Basin, natural gas throughput in Q2 grew to 1.55 bcf/d from Q1's 1.52 bcf/d, data showed.

Meanwhile, total throughput for crude oil and natural gas liquid assets was up slightly at 533,000 barrels per day, compared with the prior quarter's 531,000 b/d.

The company said it finalized two new gathering and processing agreements in the Powder River Basin, expanding its footprint by 270,000 acres.

It also reaffirmed its total capital expenditure plan for the year of $850 million to $1 billion.

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