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BreitBurn Energy Partners acquires Oklahoma Panhandle oil assets from Whiting for US$860 million

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01 June 2013

BreitBurn Energy Partners acquires Oklahoma Panhandle oil assets from Whiting for US$860 million

Report summary

BreitBurn Energy Partners LP is to acquire Whiting Petroleum Corporation's interests in the Postle and North East Hardesty oil fields, along with all associated midstream assets, for US$860 million. The fields, in Texas County, Oklahoma, utilise Enhanced Oil Recovery (EOR) to maintain production levels. This deal marks BreitBurn's first foray into the Mid-Continent as the company ventures beyond its traditional asset base in California. The deal also spotlights the increasing ...

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

  • Executive summary: Table 1
  • Postle and North East Hardesty oil fields and midstream infrastructure
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Strategic rationale: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    BreitBurn Energy Partners acquires Oklahoma Panhandle oil assets from Whiting for US$860 million

    PDF 1.58 MB