"For Breitburn, the threat of a sustained lull in the gas price has been catered for by very low acquisition metrics. The cost per proved mcf which is 59% developed is just $1.24 and added to the anticipated lifting cost of $0.83 per mcf gives Breitburn room for manuever given their most recent hedge position taken out of $4.96 per mcf."
thanks anton. article was pretty close except gas is wet so quote from bbep
"Immediately following execution of the definitive purchase agreement in late July, the Partnership entered into natural gas hedges for the period covering 2011 through 2015 on approximately 30.5 million MMbtu at a weighted average price of $5.11 per MMbtu."
they were very upbeat about aquisition in todays presentation. it appears they were the catalyst behind their last two wyoming acquisitions and stayed with them for some time to convince owners to sale