Tuesday, July 3, 2012

Breitburn Energy Closes Permian Acquisition

BreitBurn Energy Partners L.P. closed on their Permian Basin Wolfberry acquisition.  The price per acre metric was $47,826/acre.  Of additional interest is that it was disclosed that CrownRock LP was the seller of one of the properties for $70 million.  CrownRock is the working interest partner in all of Lynden Energy's projects.

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