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BreitBurn Energy Closes Permian Acquisitions For $302 Million

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December 31, 2013

BreitBurn Energy Partners LP (Nasdaq: BBEP) announced Dec. 30 that it has completed the acquisition of oil and natural gas properties in the Permian Basin in Texas from CrownRock LP for $282 million.

This is the Los Angeles-based company's third acquisition from CrownRock, further augmenting its Permian Basin oil production base and development opportunities. The assets include estimated production of 2,900 barrels of oil equivalent per day (BOE/d), with 60% oil.

The partnership also completed acquisitions of additional interests in certain of the acquired assets from a wholly owned subsidiary ...

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