BreitBurn Energy Partners L.P. (NASDAQ: BBEP) Investor Presentation Halbert Washburn Chief Executive Officer November 2012
Overview of BreitBurn Energy Partners L.P. Acquisition oriented upstream MLP with long-lived assets and extensive hedge portfolio Focused on acquisition, exploitation and development of oil and gas properties Completed five…
Nationwide Footprint Significant Operations Diversified Among Seven States BREITBURN TOTALS (1) 2011 Avg. Daily Prod. 22,884 Boepd Est. Proved Reserves 151.1 MMBoe % Proved Developed 87% 2011 Avg. Daily Prod. 10,336 Boepd R/P 18…
Core Strategies & YTD Highlights Increase Production and Grow Organically Recently increased 2012 capital spending to approximately 152 million, focused on oil projects in legacy assets in California and developing newly acquired…
Capital Program Increases Drive Organic Growth Significant increases to 2012 capital program capitalize on organic growth opportunities in legacy assets as well as newly acquired assets in Texas and Wyoming Consecutive increases to…
Acquisitions Support Distribution Growth YTD 2012 acquisitions totaled 313 million Increased total estimated proved reserves by 15.4 MMBoe Consisted of principally oil assets with organic growth opportunities Announced / Purchase…
Commodity Price Protection Portfolio: 2012 2017 Chart assumes (i) 2012 2017 base business production remains constant at the annualized midpoint of the Partnerships updated full year 2012 production guidance (approximately 8.45 million…
Attractive Distribution Yield BBEP has an attractive distribution yield versus its peer group 12.0% 11.3% 10.9% 10.5% 10.3% 10.0% 9.6% 9.2% 8.7% 8.7% (1) 8.0% 7.4% Distribution Yield 6.7% Alerian MLP ETF 6.0% yield…
Investment Highlights High-quality asset base with predictable, long-lived production Experienced management, operating and technical teams Critical mass in large mature basins with geographic, geologic and commodity diversity…
BreitBurn Energy Partners L.P. (NASDAQ: BBEP) Investor Presentation Halbert Washburn Chief Executive Officer November 2012