BreitBurn Energy Partners L.P. (NASDAQ:BBEP) shares hitting new peaks


The share prices of BreitBurn Energy Partners L.P. (NASDAQ:BBEP) is surged by 1.86 percent and currently trading at $18.26 per share. The shares of the company is trading in the range of $18.16 to $18.37 per during the day. The shares BreitBurn Energy Partners L.P. (NASDAQ:BBEP) has a market capitalization of $1.82 billion. The stock opened at $18.34 per share. The share price does not make a change in the 52 week low value $16.06 per share and 52 week high value $21.75 per share.

 In the United States the company focused on the development, exploitation, acquisition of oil gas. This is also known as independent company. Natural gas reserves and Crude oil located in the Antrim Shale and Michigan, Evanston, Green River, Wind River, Big Horn and Powder River Basins which is located in Wyoming, Los Angeles and San Joaquin Basins which is located in California, Sunniland Trend in Florida, and the New Albany Shale which is located in Indiana and Kentucky are the several non-Antrim formations these are the assets of the company. The company finished their acquisition of oil and natural gas properties from AEO which is located in the Belridge Field, California on November 2012 and finally the company obtained oil and natural gas possessions located in the Wol$fberry Trend from CrownRock, L.P. and Lynden USA Inc. on December 2012.

The company said that it has signed an agreement with Whiting Oil and Gas Corporation to acquire the Postle and North East Hardesty oil fields which is located in the Oklahoma Panhandle for $860 million. The company had an institutional investor’s shareholdings as 22 percent. BreitBurn Energy Partners L.P. (NASDAQ:BBEP) has been having an average volume as 499,636 per day on Tuesday. The company presently holds 99.68 million shares outstanding in the market.

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