BreitBurn Energy Partners L.P. Announces Monthly Distribution
LOS ANGELES -- January 30, 2014
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) (the “Partnership”) announced
today a cash distribution of $0.1642 per unit for the second monthly payment
attributable to the fourth quarter, or $1.97 per unit on an annualized basis,
for all of its outstanding units. The distribution will be payable on February
14, 2014 to the record holders of common units at the close of business on
February 10, 2014.
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. Such 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. 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, BreitBurn 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. See "Risk Factors" in the Partnership's Annual
Report on Form 10-K filed with the Securities and Exchange Commission on
February 29, 2012 and other public filings and press releases.
As set forth in more detail in our Annual Report on Form 10-K, non U.S.
investors are not Eligible Holders of BreitBurn units. In addition to the
other consequences of not qualifying as Eligible Holders, this press release
is intended to provide a qualified notice under Treasury Regulation Section
1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of
BreitBurn's distributions to non-U.S. investors as being attributable to
income that is effectively connected with a United States trade or business.
Accordingly, BreitBurn's distributions to non-U.S. investors are subject to
federal income tax withholding at the highest applicable effective tax rate.
Investor Relations Contacts:
BreitBurn Energy Partners L.P.
James G. Jackson
Executive Vice President and Chief Financial Officer
(213) 225-5900 x273
(213) 225-5900 x210
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