BreitBurn Energy Partners L.P. Announces Public Offering of Common Units

Wed Feb 6, 2013 4:06pm EST

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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130206:nBw066610a

LOS ANGELES--(Business Wire)--
BreitBurn Energy Partners L.P. (the "Partnership") (NASDAQ:BBEP) announced today
that it has commenced a public offering, subject to market and other conditions,
of 13,000,000 common units representing limited partner interests in the
Partnership. The Partnership intends to grant the underwriters a 30-day option
to purchase up to an additional 1,950,000 common units. The Partnership intends
to use the net proceeds from the offering to repay indebtedness outstanding
under its existing revolving credit facility. 

Barclays, BofA Merrill Lynch, Citigroup, RBC Capital Markets, UBS Investment
Bank and Wells Fargo Securities will act as joint book-running managers of the
offering. When available, a copy of the preliminary prospectus supplement and
accompanying prospectus relating to the offering may be obtained from: 

Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Phone: (888) 603-5847
barclaysprospectus@broadridge.com

BofA Merrill Lynch
Attn: Prospectus Department
222 Broadway
New York, New York 10038
dg.prospectus_requests@baml.com

Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Phone: (800) 831-9146
batprospectusdept@citi.com

RBC Capital Markets
Three World Financial Center
200 Vesey Street, 8th Floor
New York, New York 10281-8098
Attention: Equity Syndicate
Phone: (877) 822-4089 

UBS Investment Bank
Attn: Prospectus Dept.
299 Park Avenue
New York, New York 10171
Phone: (888) 827-7275 

Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, New York 10152
Phone: (800) 326-5897
cmclientsupport@wellsfargo.com

An electronic copy of the preliminary prospectus supplement and accompanying
base prospectus may also be obtained at no charge at the Securities and Exchange
Commission`s website at www.sec.gov. 

This press release does not constitute an offer to sell or the solicitation of
an offer to buy the securities described herein, nor shall there be any sale of
these securities in any jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering may be made only by means
of a prospectus and prospectus supplement meeting the requirements of Section 10
of the Securities Act of 1933, as amended. The offering will be made pursuant to
an effective shelf registration statement, which was previously filed by the
Partnership with the Securities and Exchange Commission, and a prospectus
supplement and accompanying prospectus, which will be filed by the Partnership
with the Securities and Exchange Commission. 

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, California, Florida, Texas, Indiana and Kentucky. 

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward-looking statements relating to the
Partnership`s operations that are based on management`s current expectations,
estimates and projections about its operations. Words and phrases such as
"intends," "to be offered," and variations of such words and similar expressions
are intended to identify such forward-looking statements. These statements are
not guarantees of future performance and are subject to certain risks,
uncertainties and other factors, some of which are beyond our control and are
difficult to predict. These include risks relating to the Partnership`s
financial performance and results, availability of sufficient cash flow to
execute our business plan, our level of indebtedness, a significant reduction in
the borrowing base under our bank credit facility, our ability to raise capital,
prices and demand for natural gas and oil, our ability to replace reserves and
efficiently develop our current reserves, political and regulatory developments
relating to taxes, derivatives and our oil and gas operations, and the factors
set forth under the heading "Risk Factors" incorporated by reference from our
Annual Report on Form 10-K filed with the Securities and Exchange Commission on
February 29, 2012, our Quarterly Reports on Form 10-Q, and our Current Reports
on Form 8-K. Therefore, actual outcomes and results may differ materially from
what is expressed or forecasted in such forward-looking statements. The reader
should not place undue reliance on these forward-looking statements, which speak
only as of the date of this press release. Unless legally required, the
Partnership undertakes no obligation to update publicly any forward-looking
statements, whether as a result of new information, future events or otherwise.
Unpredictable or unknown factors not discussed herein also could have material
adverse effects on forward-looking statements. 

BBEP-IR

Investor Relations Contacts:
BreitBurn Energy Partners L.P.
James G. Jackson
Executive Vice President and Chief Financial Officer
(213) 225-5900 x273
or
Jessica Tang
Investor Relations
(213) 225-5900 x210 

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