BreitBurn Energy Partners Closes On Permian Basin Properties
Business Wire
July 2, 2012
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) announced that it has completed two separate acquisitions of oil and natural gas properties located in the Permian Basin in Texas from Element Petroleum, LP and CrownRock, LP for approximately $150 million and $70 million, respectively, subject to customary post-closing adjustments. The transactions were previously announced on May 10, 2012.
Hal Washburn, CEO, said, "We are pleased to announce the closing of these two excellent acquisitions which expand our portfolio to seven states and give us an attractive platform for further acquisition activity in the ...
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