Breitburn Energy Partners LP said it would purchase QR Energy LP in a deal valued at about $3 billion, including debt, to become one of the largest oil producers structured as a master limited partnership. The combined company will produce about 57,300 barrels of oil equivalent per day, with 67 percent of production being oil and natural gas liquids.
BreitBurn Energy Partners L.P. is an independent oil and gas partnership focused on the acquisition, exploitation and development of oils and gas properties in the United States. Shares of BBEP fell by 0.09% or $-0.02/share to $22.81. In the past year, the shares have traded as low as $17.10 and as high as $23.15. On average, 550684 shares of BBEP exchange hands on a given day and today's volume is recorded at 600766.
QR Energy, LP (QR Energy) is engaged in the acquisition, exploitation, development and production of oil and natural gas properties, and the Company?s business activities are conducted through OLLC, its wholly owned subsidiary. Shares of QRE traded higher by 0.69% or $0.13/share to $18.87. In the past year, the shares have traded as low as $16.10 and as high as $19.07. On average, 257433 shares of QRE exchange hands on a given day and today's volume is recorded at 210812.
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