Follow-on Offering

Energy
Follow-on Offering

Summary

Baird served as a co-manager in this offering

About

BreitBurn Energy Partners L.P. (NASDAQ: BBEP) (“BBEP” or the “Partnership”) recently completed a follow-on offering of 7,000,000 common units representing limited partner interests at a price of $19.78 per unit. The offering generated approximately $138.5 million of gross proceeds. The Partnership did not receive any proceeds from the offering as all of the units were sold by an existing unitholder.

BBEP is a publicly traded independent oil and gas limited partnership focused on the acquisition, exploitation, development and production of oil and gas properties. These producing and non-producing crude oil and natural gas reserves are located in the Antrim Shale in Michigan, the Los Angeles Basin in California, the Wind River and Big Horn Basins in central Wyoming, the Sunniland Trend in Florida and the New Albany Shale in Indiana and Kentucky.

For additional information about this transaction, please contact:

Frank Murphy (314) 445-6532
Curtis Goot (314) 445-6540
Jim Penilla (314) 445-6536
Energy
Follow-on Offering
Date
June 2011
Company
BreitBurn Energy Partners L.P.
Transaction
M&A
Sectors
Energy
Target Location
North America

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