One-Page Deal Sheet
BreitBurn Bolts On Property to Permian Midland Position
Breitburn Energy Partners L.P. Antares Energy Ltd
Announced Date
October 27,2014
Effective Date
October 01,2014
Close Date
October 24,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
123
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Breitburn Energy Partners LP has acquired oil and gas properties adjacent to its existing Midland Basin operating areas from Antares Energy on October 24, 2014. The purchase price is $50 million, subject to customary post-closing adjustments, plus 4.3 million Breitburn common units.
Hal Washburn, Breitburn’s CEO, said, "We are pleased to bolt-on these properties to our portfolio in the Permian. This prospective acreage dovetails nicely with our existing Howard County acreage and greatly enhances the horizontal development program in the Permian that we announced last quarter. In addition, our…
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