BreitBurn Energy Partners to acquire Oklahoma Panhandle oil assets

By OGJ editors

BreitBurn Energy Partners LP agreed to acquire Oklahoma Panhandle assets for $860 million from Whiting Oil and Gas Corp., a unit of Whiting Petroleum Corp.

BreitBurn plans to acquire Whiting’s interests in the Postle and North East Hardesty oil fields, along with associated midstream assets.

Closing is expected by July 31. BreitBurn is acquiring other interests in certain of the acquired assets from other sellers for an added $30.2 million.

The publicly traded partnership of Los Angeles has assets in northern Michigan, the Los Angeles basin in California, Wind River and Big Horn basins in central Wyoming, Green River and Evanston basins of eastern Wyoming, Sunniland trend in Florida, and New Albany shale in Indiana and Kentucky.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...