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...
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