One-Page Deal Sheet
Breitburn Seals Deal for Whiting's Oklahoma Postle Assets
Breitburn Energy Partners L.P. Whiting Petroleum Corp.
Announced Date
June 24,2013
Close Date
July 15,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
860
Location
Region
Mid-Continent
Country
United States
State
Oklahoma
Play
Production & Reserves Reserves
Transaction Details: Subscribe to see
Closing Announcement - July 15, 2013
Whiting Petroleum Corporation has closed the previously announced sale to BreitBurn Energy Partners L.P. of its Enhanced Oil Recovery (EOR) projects in the Postle and NE Hardesty Fields, Texas County, Oklahoma.
The sale includes the related Dry Trail plant gathering and processing facilities, oil delivery pipeline, 60% interest in the 120-mile Transpetco CO2 pipeline, CO2 supply contracts and certain crude oil swaps. The all cash purchase price was $859.8 million, subject to closing and post-closing adjustments. Whiting expects the net proceeds from the…
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