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Western Gas Partners Announces Pricing Of $520 Million Of Senior Notes

Western Gas Partners, LP (NYSE:WES) today announced that it has priced its offering of $520,000,000 in aggregate principal amount of 4.00% senior notes due 2022 at a price to the public of 99.194% of their face value. The offering of the senior notes is expected to settle on June 28, 2012, subject to customary closing conditions. Net proceeds from the offering are expected to be used to repay all amounts outstanding under the partnership’s $800.0 million revolving credit facility, with the remaining net proceeds used to refinance the partnership’s note payable to Anadarko Petroleum Corporation and for general partnership purposes.

RBS Securities Inc., Barclays Capital Inc., Deutsche Bank Securities Inc., SG Americas Securities, LLC and U.S. Bancorp Investments, Inc. are acting as joint book-running managers for the offering. The offering will be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from RBS Securities Inc., 600 Washington Boulevard, Stamford, CT 06901, 866-884-2071; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, barclaysprospectus@broadridge.com, 1-888-603-5847. An electronic copy of the prospectus and prospectus supplement is available from the U.S. Securities and Exchange Commission’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The offer is being made only through the prospectus as supplemented, which is part of a shelf registration statement that became effective on May 9, 2011.

This news release contains forward-looking statements. Western Gas Partners and its general partner believe that their expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including Western Gas Partners' ability to close successfully on the senior notes offering and to use the net proceeds as indicated in this news release. See “Risk Factors” in Western Gas Partners’ Annual Report on Form 10-K for the year ended December 31, 2011 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 and other public filings and press releases. Except as required by law, Western Gas Partners undertakes no obligation to publicly update or revise any forward-looking statements.



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