TORONTO, ON / ACCESSWIRE / March 14, 2016 / Breitburn Energy Partners LP (NASDAQ: BBEP) is an independent oil and gas partnership focused on the acquisition, exploitation and development of oil, NGL and natural gas properties in the United States. The company's objective is to manage its oil, NGL and natural gas producing properties for the purpose of generating cash flow and making distributions to its unitholders.
Breitburn Energy expects its 2016 EBITDA to be $490 million–$525 million which is 20.3% less than the adjusted EBITDA in 2015 based on flat commodity prices of $30 for WTI and for Brent and $2.30 per Mcf for natural gas. The company expects its 2016 production to be between 17 million Boe and 19.7 million Boe which is ~9% lower than the total production in 2015 with the reduction of 60% for capital expenditure in 2016.
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