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Western Refining, Inc., is a Texas-based Fortune 200 [8] and Global 2000 [9] crude oil refiner and marketer operating primarily in the Southwestern, North-Central and ...
In June 2006, the company acquired Western Gas Resources in a $5.3 billion cash transaction. [13] In August 2006, the company acquired Kerr-McGee for $16 billion in cash. [14] [15] In January 2007, the company sold assets in West Texas for $1 billion. [16] In February 2007, the company sold assets in Oklahoma and Texas for $860 million. [17]
Western Midstream. One of the best-performing midstream stocks in the first half of the year was Western Midstream (NYSE: WES), which was up around 35%.
The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products. Pipelines and other transport systems can be used to move crude oil from production sites to refineries and deliver the various refined products to downstream distributors.
Nov. 9—MIDLAND — The Permian Strategic Partnership continues expanding its membership with the addition of two distinguished midstream companies, Targa Resources Corp. and Western Midstream ...
Image source: Getty Images. Despite the companies being in better financial shape today than under the old MLP model, the stocks trade at a discount to the 13.7 multiple that midstream MLPs traded ...