Western Midstream Welcomes Robert G. Phillips as New Independent Director

Robert G. Phillips Joins Western Midstream as Independent Director

Western Midstream Partners, LP (NYSE: WES) recently announced the appointment of Robert G. Phillips as an independent director on its board. Phillips, affectionately known as Bob, brings an extensive 47 years of leadership and expertise in the midstream sector, making him an invaluable addition to the team. His arrival comes in the wake of his recent retirement as the Founder, Chairman, and CEO of Crestwood Equity Partners LP, after its notable merger with Energy Transfer LP in late 2023.

A Profile of Leadership

Phillips founded Crestwood in 2010, guiding its remarkable ascent to an enterprise value exceeding $7.1 billion. His tenure was defined by a mix of organic growth and strategic mergers, including successful collaborations with Oasis Midstream Partners LP and Inergy Midstream L.P. Before establishing Crestwood, he served in various significant roles, including President and CEO of Enterprise Products Partners L.P., and Chairman and CEO of GulfTerra Energy Partners.

Currently, he also holds directorships at South Bow Corporation and Enstor Inc., highlighting his ongoing influence in the natural gas and crude oil transport sectors.

Strategic Perspectives

Oscar Brown, President and CEO of WES, expressed enthusiasm about Phillips' integration into the board, emphasizing that his profound industry knowledge will be crucial for WES as they navigate through capital-efficient growth and stakeholder value creation. Jeff Bennett, Chairman of the board, echoed these sentiments, expressing confidence in Phillips' ability to enrich the board's already impressive capabilities.

Phillips himself is looking forward to the opportunity of contributing to WES’s future and improving upon the strong foundations established by the partnership. His involvement will include participation in the board's Compensation Committee and Special Committee. With Phillips on board, the total number of directors will increase to eight, four of which are independent.

Western Midstream Overview

Western Midstream Partners, LP operates as a master limited partnership focused on acquiring, owning, and managing midstream assets spread across Texas, New Mexico, Colorado, Utah, and Wyoming. Engaged in natural gas gathering, treatment, and transportation, as well as condensate and crude oil logistics, the partnership maintains a robust business model with the majority of its cash flow shielded against commodity price swings due to fee-based contracts.

For further details on Robert G. Phillips and Western Midstream's operations, visit www.westernmidstream.com.

The addition of Bob Phillips not only strengthens the management team but also underlines WES's commitment to ensuring robust governance and operational excellence in the evolving energy landscape.