BreitBurn Energy to Acquire Principally Oil Properties in Kern County, CA
BreitBurn Energy Partners L.P. (NASDAQ: BBEP) today announced it has signed a definitive agreement to acquire 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 (“Common Units”). The acquisition is subject to closing conditions and purchase price adjustments and is expected to close in 2012.
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