Vinson Steers BreitBurn In $98M Bighorn Oil Buy

Law360, New York (April 25, 2012, 8:02 PM EDT) -- BreitBurn Energy Partners LP has plans to broaden its interests in Wyoming's oil-rich Bighorn Basin, saying Wednesday it will pay $98 million to the struggling NiMin Energy Corp. for properties adjacent to ones it already operates.

The cash deal, in line with BreitBurn's growth-through-acquisition strategy, would transfer ownership of the all-oil facilities that in March produced the equivalent of 600 barrels of oil per day, the California-based company said.

It also meshes with NiMin's board-approved plan to dissolve and sell off its assets, including Legacy Energy...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.