BreitBurn Energy Partners L.P. Announces Closing of Acquisitions in the Permian Basin

  BreitBurn Energy Partners L.P. Announces Closing of Acquisitions in the
  Permian Basin

Business Wire

LOS ANGELES -- December 30, 2013

BreitBurn Energy Partners L.P. (the "Partnership") (NASDAQ:BBEP) announced
today that it has completed the acquisition of oil and natural gas properties
in the Permian Basin in Texas from CrownRock, L.P. for approximately $282
million, subject to customary post-closing adjustments. The Partnership also
completed acquisitions of additional interests in certain of the acquired
assets from other sellers for approximately an additional $20 million.

About BreitBurn Energy Partners L.P.

BreitBurn Energy Partners L.P. is a publicly-traded independent oil and gas
limited partnership focused on the acquisition, exploitation, development and
production of oil and gas properties. The Partnership’s producing and
non-producing crude oil and natural gas reserves are located in Michigan,
Wyoming, Oklahoma, California, Florida, Texas, Indiana and Kentucky. See
www.BreitBurn.com for more information.

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward-looking statements. All statements, other
than statements of historical facts, included in this press release that
address activities, events or developments that the Partnership expects,
believes or anticipates will or may occur in the future are forward-looking
statements. These statements are based on certain assumptions made by the
Partnership based on management's experience and perception of historical
trends, current conditions, anticipated future developments and other factors
believed to be appropriate. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and other factors,
some of which are beyond our control and are difficult to predict. These
include risks relating to the Partnership’s financial performance and results,
availability of sufficient cash flow and other sources of liquidity to execute
our business plan, prices and demand for natural gas and oil, increases in
operating costs, uncertainties inherent in estimating our reserves and
production, our ability to replace reserves and efficiently develop our
current reserves, political and regulatory developments relating to taxes,
derivatives and our oil and gas operations, risks relating to our
acquisitions, and the factors set forth under the heading “Risk Factors”
incorporated by reference from our Annual Report on Form 10-K filed with the
Securities and Exchange Commission, and if applicable, our Quarterly Reports
on Form 10-Q and our Current Reports on Form 8-K. Therefore, actual outcomes
and results may differ materially from what is expressed or forecasted in such
forward-looking statements. The reader should not place undue reliance on
these forward-looking statements, which speak only as of the date of this
press release. Unless legally required, the Partnership undertakes no
obligation to update publicly any forward-looking statements, whether as a
result of new information, future events or otherwise. Unpredictable or
unknown factors not discussed herein also could have material adverse effects
on forward-looking statements.

BBEP-IR

Contact:

BreitBurn Energy Partners L.P.
Investor Relations Contacts:
James G. Jackson
Executive Vice President and Chief Financial Officer
(213) 225-5900 x273
or
Jessica Tang
Investor Relations
(213) 225-5900 x210