Western Gas Equity Partners, an LP formed to own, operate, acquire and develop midstream energy assets, filed on Monday with the SEC to raise up to $362 million in an initial public offering. Its general partner, Western Gas Partners, LP (NYSE:WES) is also part of a limited partnership relationship with Anadarko Petroleum (NYSE:APC).
The Woodlands, TX-based company, which was founded in 2012 and booked $852 million in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol WGP. Barclays and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.
