OTC MKTS: BBEPQ
-0.118 $1.19

Overview

The Mid-Continent area includes properties located in western Oklahoma, southwestern Kansas and the Texas Panhandle.  These properties produce from regionally significant geologic formations such as the Cottage Grove, Morrow, Atoka, Redfork and Lansing.  The most significant of our Mid-Continent properties are the Postle Field and the Northeast Hardesty Unit, both of which are located in Texas County, Oklahoma.  CO2 miscible flooding has been on-going in the Postle Field since 1995.  CO2 for the projects is sourced from the Bravo Dome Field in eastern New Mexico.  We are also the sole owner of the Dry Trails gas plant located at the Postle Field complex.  In addition, we are the sole owner of a collection of facilities and CO2 transportation pipelines delivering product from New Mexico to the Postle and Northeast Hardesty fields.  Breitburn owns interests in 784 productive wells in the Mid-Continent and has over 144,000 gross acres of leasehold acreage.

Recent History in the Mid-Continent

  • On March 31, 2015, Breitburn completed the acquisition of certain CO2 producing properties located in Harding County, New Mexico.
  • In November 2014, Breitburn acquired QR Energy, LP, which included oil and gas properties in the Mid-Continent.
  • In July 2013, Breitburn acquired principally oil properties in Oklahoma, New Mexico, and Texas from Whiting Oil and Gas Corporation and other sellers. This acquisition was awarded the 2014 Oil & Gas Financial Journal Transaction of the Year.

    2015 Results

    • Estimated proved reserves of 32.3 MMBoe represented 13% of Breitburn's total estimated proved reserves
    • Average daily production was approximately 7.7 MBoe/d
    • Commodity mix: 79% oil, 13% NGLs, 8% natural gas
    • Year-end reserve mix: 44% PD, 56% PUD

     

    Mid-Continent