Western Gas Partners, LP and Western Gas Equity Partners, LP Announce Fourth Quarter 2012 Distribution and Schedule Earnings

  Western Gas Partners, LP and Western Gas Equity Partners, LP Announce Fourth
  Quarter 2012 Distribution and Schedule Earnings Conference Call

Business Wire

HOUSTON -- January 21, 2013

Western Gas Partners, LP (NYSE: WES) announced today that the board of
directors of its general partner has declared a cash distribution of $0.52 per
unit for the fourth quarter of 2012, representing a 4-percent increase over
the prior quarter and an 18-percent increase over the fourth quarter of 2011.
The distribution is payable on February 12, 2013, to unitholders of record at
the close of business on February 1, 2013.

Western Gas Equity Partners, LP (NYSE: WGP) announced today that its board of
directors has declared a prorated cash distribution of $0.03587 per unit for
the fourth quarter of 2012. The distribution is the first declared by the
partnership and corresponds to a quarterly distribution of $0.165 per unit, or
$0.66 per unit on an annualized basis. The initial distribution was prorated
for the 20-day period from the date of the closing of the partnership's
initial public offering on December 12, 2012, through the end of the quarter,
pursuant to the terms of the partnership agreement. The distribution is
payable on February 21, 2013, to unitholders of record at the close of
business on February 1, 2013.

The Partnerships plan to report their fourth-quarter 2012 results after the
market closes on Wednesday, February 27, 2013. Management will host a
conference call on Thursday, February 28, 2013, at 11 a.m. CST (12 p.m. EST)
to discuss quarterly results.

The full text of the release announcing the results will be available on the
Partnerships’ web site at www.westerngas.com. To access the live audio webcast
of the conference call, please visit the investor relations section of the web
site. To participate via telephone, please dial 877.621.4819 and enter
participant code 88744809. Please call in 10 minutes prior to the scheduled
start time. A replay of the call will be available on the web site for two
weeks following the conference call.

Western Gas Partners, LP is a growth-oriented Delaware master limited
partnership formed by Anadarko Petroleum Corporation (NYSE: APC) to own,
operate, acquire and develop midstream energy assets. With midstream assets in
East, West and South Texas, the Rocky Mountains and the Mid-Continent, the
Partnership is engaged in the business of gathering, processing, compressing,
treating, and transporting natural gas, condensate, natural gas liquids and
crude oil for Anadarko and other producers and customers.

Western Gas Equity Partners, LP is a Delaware master limited partnership
formed by Anadarko Petroleum Corporation to own WES’s general partner and a
substantial limited partner interest in WES, including all of WES’s incentive
distribution rights.

For more information please visit www.westerngas.com.

Note to Non-United States Investors: This release is intended to be a
qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and
nominees should treat one hundred percent (100.0%) of Western Gas Partners,
LP's and Western Gas Equity Partners, LP’s distributions to foreign investors
as being attributable to income that is effectively connected with a United
States trade or business. Accordingly, Western Gas Partners, LP's and Western
Gas Equity Partners, LP’s distributions to foreign investors are subject to
federal income tax withholding at the highest applicable effective tax rate.

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Contact:

Western Gas Partners, LP and Western Gas Equity Partners, LP
Benjamin Fink, CFA
SVP, Chief Financial Officer and Treasurer
benjamin.fink@westerngas.com
832.636.6010