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Press release from Business Wire

BreitBurn Energy Partners L.P. Announces 2011 Capital Program and Update on Sunniland Trend Drilling Program

Monday, January 31, 2011

BreitBurn Energy Partners L.P. Announces 2011 Capital Program and Update on Sunniland Trend Drilling Program07:00 EST Monday, January 31, 2011 LOS ANGELES (Business Wire) -- BreitBurn Energy Partners L.P. (the “Partnership”) (NASDAQ:BBEP) announced today that the Board of Directors of BreitBurn GP, LLC, the general partner of BreitBurn Energy Partners L.P., has approved a 2011 capital spending program. The Partnership expects its full year 2011 crude oil and natural gas capital spending program to be approximately $71 million, excluding acquisitions, compared with approximately $70 million in 2010, and anticipates spending approximately 70 percent principally on oil projects in California, Florida and Wyoming and approximately 30 percent principally on gas projects in Michigan, Indiana and Kentucky. The Partnership expects to drill or redrill approximately 40 wells in 2011 with 75 percent of its total capital spending focused on drilling and rate generating projects. As part of its 2011 capital spending program, the Partnership plans to drill three additional horizontal wells in its Raccoon Point Field in the Sunniland Trend in Florida. The Partnership's first horizontal well in the Raccoon Point Field, the CL & CC 27-5AH, came on production in May 2010 and its second well, the CL & CC 27-6AH, came on production in early January 2011. After two weeks, the second well is producing approximately 220 barrels of oil per day. The combined production from both wells is approximately 650 barrels of oil per day. A third well in the field, the CL & CC 26-2AH, was spud in late December and is currently drilling below 10,700 feet. The Partnership will provide further operations updates in conjunction with the filing of its 2010 Form 10-K and its fourth quarter and full year 2010 earnings conference call to be held in early March. About BreitBurn Energy Partners L.P. BreitBurn Energy Partners L.P. is a California-based 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 Northern 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. See for more information. Cautionary Statement Regarding Forward-Looking Information This press release contains forward-looking statements relating to BreitBurn's operations that are based on management's current expectations, estimates and projections about its operations. Words and phrases such as "expects," “anticipates,” “plans,” and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. These include risks relating to the Partnership's financial performance and results, availability of sufficient cash flow to execute our business plan, our level of indebtedness, a significant reduction in the borrowing base under our bank credit facility, our ability to raise capital, prices and demand for natural gas and oil, our ability to replace reserves and efficiently develop our current reserves, the availability and cost of drilling and completion equipment, services and labor, and the factors set forth under the heading "Risk Factors" incorporated by reference from our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 11, 2010, our Quarterly Reports on Form 10-Q, and our Current Reports on Form 8-K. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, BreitBurn undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Unpredictable or unknown factors not discussed herein also could have material adverse effects on forward-looking statements. BBEP-IR BreitBurn Energy Partners L.P.Investor Relations:James G. Jackson, 213-225-5900, ext. 273Executive Vice President and Chief Financial OfficerorGloria Chu, 213-225-5900, ext. 210