Market Overview

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

Related BBEP
Conferences/Events Scheduled for Week of Jun. 9th to Jun. 13th
Breitburn Energy Partners Prices Unit Issue - Analyst Blog

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


Most Popular

Related Articles (BBEP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free