BreitBurn Inks $282M Deal For Permian Oil, Gas Properties

Law360, New York (December 13, 2013, 1:57 PM EST) -- Oil and gas company BreitBurn Energy Partners LP has signed a deal to acquire oil and natural gas properties in Texas’ Permian Basin for $282 million from CrownRock LP, the company said Friday.

The acquired properties include 93 producing wells and more than 300 potential drilling locations, which are expected to produce an average of 2,900 barrels of oil equivalent of natural gas and oil, 60 percent of which is expected to be oil, BreitBurn said. The reserve is expected to last for more than 15...
To view the full article, register now.