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Breitburn Energy Partners LP Message Board

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  • moneyonomics moneyonomics Apr 18, 2012 3:04 PM Flag

    Thoughts on the IPAA OGIS Presentation

    yes liked distribution discussion but also gave stronger update on MI and New Albany and again re emphasized over 1 billion bbls oil in place in california with only 20 mm bbls oil recorded as proved and strong borrowing base

    MI--120,000 to 130,000 net acres held by production in Utica-Collingswood and A-1 carbonate and other deeper plays and bbep will focus their 2012 MI capital into these deeper liquids plays-note their horizontal Florida drilling is in carbonate so developed a lot of experience into carbonate where devon has very good mi results

    Ind/Kent-New Albany-acreage held by production. currently have over 100,000 net acres. will see it play out further before applying capital

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