---
schema_version: "secwatch.filing_event.v1"
accession: "0001423902-23-000068"
form_type: "8-K"
ticker: "WES"
cik: "0001423902"
company_name: "Western Midstream Partners, LP"
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:04:00.045851+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Western Midstream establishes $2B commercial paper program for general purposes

## Summary
- Subsidiary WES Operating entered dealer agreements for a $2B CP program.
- Proceeds may be used for general partnership purposes; notes unsecured, max 397-day maturity.
- No notes issued as of filing date; program adds liquidity flexibility.
- Notes issued under Section 4(a)(2) exemption, not registered under Securities Act.
- Pricing will depend on market conditions and CP program credit ratings.

## SEC filing metadata
- accession: 0001423902-23-000068
- form_type: 8-K
- ticker: WES
- cik: 0001423902
- company_name: Western Midstream Partners, LP
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1423902/000142390223000068/0001423902-23-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1423902/000142390223000068/wes-20231116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423902-23-000068
- JSON: https://secwatch.observer/filing/0001423902-23-000068.json
- Plain text: https://secwatch.observer/filing/0001423902-23-000068.txt

## Key facts
- Material Agreements
  Western Midstream Partners, LP entered into Dealer Agreements with certain investment banks (collectively, the "Dealers") valued at $2,000,000,000 (effective 2023-11-16).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain investment banks (collectively, the "Dealers")
  - Value: $2,000,000,000
  - Effective: 2023-11-16
  source text: On November 16, 2023, Western Midstream Operating, LP (the “ WES Operating ”), a subsidiary of Western Midstream Partners, LP (“ WES ”), entered into dealer agreements (the “ Dealer Agreements ”) with certain investment banks (collectively, the “ Dealers ”) relating to a $2,000,000,000 commercial paper program (the “ CP Program ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1423902/000142390223000068/0001423902-23-000068-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.