BreitBurn Energy Partners LP (Nasdaq: BBEP) is buying oil and natural gas properties in Texas for $282 million.
The properties are located in the Permian Basin and are being sold by CrownRock LP, a Midland, Texas-based developer of oil and gas properties.
BreitBurn, headquartered in Los Angeles, is an oil and gas company that focuses on acquisition, exploitation, development and products of properties.
The deal comes during a busy time for energy M&A. Recent deals include Riverstone Holdings LLC’s investment in Abaco Energy Technologies LLC, and Caelus Energy LLC s acquisition of Pioneer Natural Resources Alaska Inc.