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Stock Market & Financial Investment News

News Breaks
May 8, 2014
07:34 EDTWGP, WESWestern Gas Equity price target raised to $59 from $51 at Oppenheimer
Oppenheimer increased its price target on Western Gas Equity (WGP), as the firm believes that Western Gas Partners (WES) continues to operate at a very high level. All of Western Gas Equity's cash flows are derived from Western Gas Partners, according to the firm. It keeps an Outperform rating on Western Gas Equity.
News For WGP;WES From The Last 14 Days
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September 1, 2015
09:18 EDTWESWestern Gas announces non-binding open season for Delaware Basin pipeline
Western Gas Partners announced that its wholly owned subsidiary, Delaware Basin Express, is holding a non-binding open season to identify interest in a new pipeline project serving portions of Reeves, Loving and Ward Counties, TX. The pipeline will provide transportation service from the tailgate of the Ramsey Gas Processing Plant, located in Northern Reeves County, Texas to the downstream intrastate pipelines located in the Waha area near Coyanosa, TX. Additional receipt connections may potentially be added at the tailgates of the MiVida Gas Processing Plant and Bone Spring Gas Processing Plant. The initial capacity of the pipeline will be approximately 600,000 Dth/d of residue gas to the Waha Hub area, and could be increased up to 1,600,000 Dth/d with the addition of compression. Subject to the satisfaction of regulatory requirements and other customary project considerations, DBE expects that the pipeline will be in service by the fourth quarter of 2016.

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