Exploration & Production | Quarterly / Earnings Reports | Deals - Acquisition, Mergers, Divestitures
Breitburn MidContinent Acquisition Headlines Q2 Report
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BreitBurn Energy Partners L.P. has reported financial and operating results for its second quarter of 2013.
Selected Results for the Quarter Included the Following: Increased total net production to a quarterly record high of 2.45 MMBoe, which represented a 26% increase from the second quarter of 2012. Increased liquids production to a quarterly record high of 1.29 MMBoe, which represented a 58% increase from the second quarter of 2012. Increased Adjusted EBITDA, a non-GAAP financial measure, to $84.8 million, which represented a 31% increase from the second quarter of 2012. Drilled 38 wells and completed 21 workovers, which in total added incremental net initial production of approximately 1,925 Boe/day. Declared a cash distribution for the second quarter of 2013 of $0.48 per unit, or…Finish this article — free account or subscription
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