New Market Report Now Available: BreitBurn Energy to Acquire Oil Properties in Belridge Field, California, for US$91.7MM to Expand Its Oil Producing Assets - Deal Analysis from GlobalData
BreitBurn Energy Partners L.P. (BBE) agreed to acquire oil properties located in the Belridge Field in Kern County, California, for a purchase consideration of approximately US$91.74MM from American Energy Operations, Inc. (AEO). Of the total consideration, the company agreed to pay approximately US$40MM in cash and the remaining US$51.74MM through the issuance of 3,013,561 common units, at a deemed price of US$17.17 per unit. The company will fund the cash portion of the acquisition cost with borrowings under its bank...
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