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BreitBurn Energy Partners to Buy Permian Basin Interests for $190M

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UPDATE: Wunderlich Securities Reiterates On BreitBurn Energy Partners LP Following Acquisition News
Benzinga's M&A Chatter for Thursday July 24, 2014

BreitBurn Energy Partners L.P. (the “Partnership”) (NASDAQ: BBEP) today announced it has signed two definitive agreements to acquire oil and natural gas properties in the Permian Basin in Texas for a combined price of $190 million, subject to customary closing conditions and purchase price adjustments, from CrownRock, L.P. and Lynden USA Inc. The acquisitions will be funded with borrowings under the Partnership's existing bank credit facility and are expected to close in 2012.

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