04:08 AM EDT, 08/13/2024 (MT Newswires) -- Western Midstream Partners ( WES ) said late Monday a secondary offering of 19 million common units by affiliates of Occidental (OXY) was priced for gross proceeds of $685.9 million.

The selling unitholders have granted its underwriter, Barclays, a 30-day option to purchase up to about 2.9 million additional units.

The company is not selling any units in the offering, which will likely close on Wednesday, and will not receive any proceeds from the sale.

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