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Breitburn Energy Partners LP Completes Acquisition Of Oklahoma Panhandle Assets From Whiting Petroleum Corp's Whiting Oil and Gas Corporation


Monday, 15 Jul 2013 04:10pm EDT 

Breitburn Energy Partners LP announced that it has completed the acquisition of oil properties and associated midstream assets in the Oklahoma Panhandle from Whiting Oil and Gas Corporation, a wholly-owned subsidiary of Whiting Petroleum Corporation, for a preliminary adjusted purchase price of approximately $846 million, including the approximately $86 million deposit previously paid. The preliminary purchase price adjustments are interim adjustments; the final adjusted purchase price will be determined post-closing, subject to customary post-closing adjustments. The purchase was made pursuant to a definitive agreement previously announced on June 24, 2013. The Partnership also completed the previously announced acquisitions of additional interests in certain of the acquired assets from other sellers for an additional $30 million. 

Company Quote

84.35
5.81 +7.40%
14 Jul 2014