BreitBurn Completes Acquisition of Principally Oil Properties in Kern County, CA for $40M Cash Plus Stock

BreitBurn Energy Partners

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