One-Page Deal Sheet
BreitBurn Energy Partners Acquires Wolfberry Oil and Gas Properties
Breitburn Energy Partners L.P. Crownrock, Lp, Element Petroleum, Lp
Announced Date
May 11,2012
Close Date
July 02,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
220
Asset/Basin:
{Permian}
TargetZones:
{Wolfberry}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
BreitBurn Energy Partners L.P. , announced it has signed two separate agreements to acquire oil and natural gas properties located in the Permian Basin in Texas for a combined price of approximately $220 million, from Element Petroleum, LP and CrownRock, LP subject to customary closing conditions and purchase price adjustments.
The acquisitions will be funded with borrowings under the Partnership's existing bank credit facility and are expected to close within 60 days.
The properties are excellent MLP assets that have significant recoverable oil in place and predictable development drilling…
Permian Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-02-2026 |
-  |
- |
Click here | Texas | E&P |
| Nov-03-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-30-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-27-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-04-2024 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-20-2013 | Lynden Drops Wolfberry Wells in Deal with BreitBurn | - |
- |
| Dec-11-2012 | Lynden Letting Go of Permian Wolfberry Interest | - |
- |
| Feb-10-2012 | Energen Buys Undeveloped Wolfberry Package; Reduces San Juan Investment | - |
- |