BreitBurn Energy Partners L.P. signed two agreements to acquire Permian Basin Wolfberry properties. The combined price is approximately $220 million. The assets include:
- Net production of 2,100 boe/d (56% oil)
- Estimated proved reserves of approximately 9.5 mmboe
- Net acreage position of 4,600 acres
This is a great comp for Lynden Energy! The price per acre metric for these transactions is $47,826/acre and $104,762 per flowing boe/d.