Thursday, May 10, 2012

BreitBurn Energy Partners enters Permian Basin, another great Wolfberry comp! $47,826/acre!!!

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.

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