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Blackstone, Apollo Are Said to Eye Western Midstream Stake

  • Global Infrastructure Partners and KKR also interested
  • Occidental Petroleum selling Western after Anadarko buyout
An oil drilling rig stands in Reeves County, Texas.
Photographer: Callaghan O'Hare/Bloomberg
Updated on

Blackstone Group Inc. and Apollo Global Management Inc. are interested in bidding for a majority stake in Western Midstream Partners LP being sold by Occidental Petroleum Corp., according to people familiar with the matter.

Global Infrastructure Partners and KKR & Co. are also interested, said the people, who asked to not be identified because the matter isn’t public. Apollo is considering investing in the oil and gas pipeline operator through Spartan Energy Acquisition Corp., a special purpose acquisition vehicle it backs, the people said.