Global Leader in International Oil and Gas Industry News

posted in:

  • Home>
  • Oil & Gas News
  • >
  • North America,
  • >
  • BreitBurn Energy Partners L.P. announces closing of acquisition of principally oil properties in Kern County, California
BreitBurn Energy Partners - www.youroilandgasnews.

BreitBurn Energy Partners L.P. announces closing of acquisition of principally oil properties in Kern County, California

Tuesday, Dec 04, 2012

BreitBurn Energy Partners L.P. (the "Partnership") (NASDAQ:BBEP) announced today that it has completed the acquisition of principally oil properties located in the Belridge Field in Kern County, California for approximately $40 million in cash and 3,013,561 common units representing limited partner interests in the Partnership from American Energy Operations, Inc., subject to customary post-closing adjustments. The acquisition was originally announced on November 23, 2012.

Hal Washburn, CEO, said, "We are pleased to have successfully completed another excellent acquisition of high quality assets that complement our existing portfolio and enhance our exposure to oil. We have a long operating history in California and look forward to leveraging our expertise in the area to enhance the value of these assets. This transaction marks our fourth completed acquisition in 2012 and brings the total value of our acquisitions to just over $400 million for the year.”

Source: Business Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

  • Home>
  • Oil & Gas News
  • >
  • North America,
  • >
  • BreitBurn Energy Partners L.P. announces closing of acquisition of principally oil properties in Kern County, California

Other Oil & Gas News

Aquaterra Energy wins Premier Oil Catcher Drill Centre Template contract 23-04-2014
Claxton’s camera upgrade puts crane safety in the picture 23-04-2014
Elk acquires the Singleton Unit in Nebraska 23-04-2014
Longreach prepares to drill into target Liassic formation with Kamar-1 well in Morocco 23-04-2014
Chevron unveils PitPack motor oil dispensing system 23-04-2014
Farstad Shipping ASA - charter agreements 23-04-2014
Prysmian, € 30 m contract in Abu Dhabi 23-04-2014
Halliburton to build drilling, testing and training facility in Texas 23-04-2014
SEACON (europe) Ltd Receives A Queen’s Award for Enterprise in International Trade 23-04-2014
EnerJex Resources announces Niobrara operations update and development plans 23-04-2014