BreitBurn Energy Partners announces closing of Permian Basin oil and gas acquisitions

Source:BreitBurn Energy Partners L.P.

BreitBurn Energy Partners announces closing of Permian Basin oil and gas acquisitions

BreitBurn Energy Partners L.P. (the "Partnership") (NASDAQ:BBEP) announced today that it has completed the acquisition of oil and natural gas properties in the Permian Basin in Texas from CrownRock, L.P. for approximately $282 million, subject to customary post-closing adjustments. The Partnership also completed acquisitions of additional interests in certain of the acquired assets from other sellers for approximately an additional $20 million.

About BreitBurn Energy Partners L.P.
BreitBurn Energy Partners L.P. is a publicly-traded independent oil and gas limited partnership focused on the acquisition, exploitation, development and production of oil and gas properties. The Partnership’s producing and non-producing crude oil and natural gas reserves are located in Michigan, Wyoming, Oklahoma, California, Florida, Texas, Indiana and Kentucky. See www.BreitBurn.com for more information.

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