Western Gas Partners LP has completed the acquisition of midstream assets in the Uinta Basin in northeastern Utah from its largest customer and parent company, Anadarko Petroleum Corp., for an estimated $107 million, it said Thursday. The acquisition includes a 51% interest in Chipeta Processing LLC, which owns the Chipeta natural gas processing complex in Utah. The complex entails two recently completed processing trains: a refrigeration unit completed in November 2007 with a design capacity of 240 MMcf/d and a 250 MMcf/d capacity cryogenic unit that was commissioned in April (see Daily GPI, July 15). Chipeta provides processing services to Anadarko and third-party producers in the Greater Natural Buttes Field and has current throughput of 375 MMcf/d. With the closure of the transaction, Anadarko still retains a 24% stake in Chipeta. Anadarko spun off Western Gas in 2008 (see Daily GPI, Dec. 23, 2008). The midstream assets acquisition will be financed primarily with debt.

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