BreitBurn Energy Partners L.P. BBEP 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.
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