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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Oct. 24, 2:44 PM

Slide #19. Breitburn Energy Partners LP Secondary Offering

Company: Breitburn Energy Partners LP (NASDAQ:BBEP)
Date announced: 10/6/2014
Shares Offered: 14,000,000
Date of Pricing: 10/7/2014
Price Per Share: $18.64
Secondary Offering Details: Breitburn Energy Partners LP (NASDAQ:BBEP) announced today that it has commenced a public offering, subject to market and other conditions, of 14,000,000 common units representing limited partner interests in Breitburn (Common Units). Breitburn intends to grant the underwriters a 30-day option to purchase up to an additional 2,100,000 Common Units to cover over-allotments. Breitburn intends to use the net proceeds from the offering to reduce outstanding borrowings under its bank credit facility. - updated 10/7 - Breitburn Energy Partners LP (NASDAQ:BBEP) announced today the pricing of its public offering of 14,000,000 common units representing limited partner interests in Breitburn (Common Units) at a price to the public of $18.64 per Common Unit. Breitburn has granted to the underwriters a 30-day option to purchase up to an additional 2,100,000 Common Units to cover over-allotments. The Common Units offering is expected to close on October 10, 2014, subject to customary closing conditions.

Breitburn Energy Partners is an independent oil and gas partnership focused on the acquisition, exploitation and development of oil, natural gas liquids and gas properties in the U.S. Co.'s assets are located primarily in: the Antrim Shale and several non-Antrim formations in Michigan; the Oklahoma Panhandle; the Permian Basin in Texas; the Evanston, Green River, Wind River, Big Horn and Powder River Basins in Wyoming; the Los Angeles and San Joaquin Basins in California; the Sunniland Trend in Florida; and the New Albany Shale in Indiana and Kentucky. As of Dec 31 2013, Co.'s total estimated proved reserves were 214.3 million barrels of oil equivalent.

Preferred: BBEPP


Open the BBEP Page at The Online Investor »

Company Name:  Breitburn Energy Partners LP
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding BBEP:  3
Total Market Value Held by ETFs:  $9.03M
Total Market Capitalization:  $2.00B
% of Market Cap. Held by ETFs:  0.45%
 

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October 24, 2014    2:44 PM Eastern
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