BreitBurn Energy Partners L.P. to Acquire Permian Basin Oil Properties

January 23, 2007 Filed Under: Mining Services, Oil and Gas  

BreitBurn Energy Partners L.P. announced it has signed a definitive agreement to acquire high quality oil properties in the Permian Basin of West Texas for approximately $29.0 million from Voyager Gas Corporation. BreitBurn is acquiring the Lazy JL Field, which has total proved reserves of approximately 2 million barrels of oil equivalent (MMboe) and a reserve life index in excess of 18 years. The...