Market Overview

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

Related BBEP
4 Profitable Small Caps Trading At Less Than Book Value
Morning Market Losers
BreitBurn Energy Partners' (BBEP) CEO Hal Washburn on Q1 2015 Results - Earnings Call Transcript (Seeking Alpha)

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.

Posted-In: News M&A


Related Articles (BBEP)

Around the Web, We're Loving...