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Article: BreitBurn Energy Partners Announces Update on Hedge Portfolio.
- Article from:
- International Resource News (IRN)
- Article date:
- June 30, 2009
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International Resource News-30 June 2009-BreitBurn Energy Partners Announces Update on Hedge Portfolio(C)2009 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 30 June 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
BreitBurn Energy Partners LP (NASDAQ:BBEP), a US-based company that explores and develops oil and natural gas properties, has elected to terminate selected in-the-money natural gas and WTI crude oil hedge contracts covering a part of expected production in 2011 and 2012.
Net proceeds from the terminated contracts are around USD25m. The contract prices in the well are more than that of ...