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BreitBurn Acquires Permian Basin Properties For $220 Million
BreitBurn Energy Partners L.P. (the "Partnership") (BBEP) announced that it has completed two separate acquisitions of oil and natural gas properties located in the Permian Basin in Texas from Element Petroleum, LP and CrownRock, LP for approximately $150 million and $70 million, respectively, subject to customary post-closing adjustments. The transactions were previously announced on May 10, ...
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