One-Page Deal Sheet
Breitburn Acquires Belridge Field, California Asset
Breitburn Energy Partners L.P. Not Disclosed
Announced Date
November 27,2012
Effective Date
November 01,2012
Close Date
November 30,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
94
Location
Calculated Metrics( EV/Category)
Country
United States
State
California
County
Kern
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
BreitBurn Energy Partners L.P. today announced it has signed a definitive agreement to acquire principally oil properties located in the Belridge Field in Kern County, California for approximately $40 million in cash and 3,013,561 common units representing limited partner interests in the Partnership ("Common Units"). The acquisition is subject to closing conditions and purchase price adjustments and is expected to close in 2012.
Hal Washburn, BreitBurn's CEO, said, "We are very pleased to announce an excellent acquisition of high quality, principally oil assets in California, where we have…
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