v3.22.1

Partnership Distributions | 3 Months Ended
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Mar. 31, 2022
Distributions Made to Members or Limited Partners [Abstract] |
Partnership Distributions | 3. PARTNERSHIP DISTRIBUTIONS Partnership distributions. Under its partnership agreement, the Partnership distributes all of its available cash (beyond proper reserves as defined in its partnership agreement) to unitholders of record on the applicable record date within 55 days following each quarter’s end. The Board of Directors of the general partner (the “Board”) declared the following cash distributions to the Partnership’s unitholders for the periods presented:
thousands except per-unit amounts Quarters Ended |  | Total Quarterly Per-unit Distribution |  | Total Quarterly Cash Distribution |  | Distribution Date |  | Record Date
2021 |  |  |  |  |  |  |  |
March 31 |  | $ | 0.31500 |  |  | $ | 132,969 |  |  | May 14, 2021 |  | April 30, 2021
June 30 |  | 0.31900 |  |  | 134,662 |  |  | August 13, 2021 |  | July 30, 2021
September 30 |  | 0.32300 |  |  | 134,862 |  |  | November 12, 2021 |  | November 1, 2021
December 31 |  | 0.32700 |  |  | 134,749 |  |  | February 14, 2022 |  | January 31, 2022
2022 |  |  |  |  |  |  |  |
March 31 |  | $ | 0.50000 |  |  | $ | 206,197 |  |  | May 13, 2022 |  | May 2, 2022
Available cash. The amount of available cash (beyond proper reserves as defined in the partnership agreement) generally is all cash on hand at the end of the quarter, plus, at the discretion of the general partner, working capital borrowings made subsequent to the end of such quarter, less the amount of cash reserves established by the general partner to provide for the proper conduct of the Partnership’s business, including (i) to fund future capital expenditures; (ii) to comply with applicable laws, debt instruments, or other agreements; or (iii) to provide funds for unitholder distributions for any one or more of the next four quarters. Working capital borrowings generally include borrowings made under a credit facility or similar financing arrangement and are intended to be repaid or refinanced within 12 months. In all cases, working capital borrowings are used solely for working capital purposes or to fund unitholder distributions. WES Operating partnership distributions. WES Operating makes quarterly cash distributions to the Partnership and WGR Asset Holding Company LLC (“WGRAH”), a subsidiary of Occidental, in proportion to their share of limited partner interests in WES Operating. See Note 4. WES Operating made the following cash distributions to its limited partners for the periods presented:
thousands Quarters Ended |  | Total Quarterly Cash Distribution |  | Distribution Date
2021 |  |  |  |
March 31 |  | $ | 137,030 |  |  | May 2021
June 30 |  | 140,217 |  |  | August 2021
September 30 |  | 140,217 |  |  | November 2021
December 31 |  | 140,217 |  |  | February 2022
2022 |  |  |  |
March 31 |  | $ | 213,513 |  |  | May 2022

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- Definition Disclosure of partnership distributions to unitholders. + References No definition available. + Details
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