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Breitburn Energy (BBEP +0.9%) agrees to acquire oil properties in California's Belridge Field...

Breitburn Energy (BBEP +0.9%) agrees to acquire oil properties in California's Belridge Field for ~$40M in cash and ~3M common units representing limited partner interests. Estimated average daily net production is 825 boe/day. The acquisition is expected to be immediately accretive to distributable cash flow upon closing.
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