Breitburn Energy Partners Lp (BBEP): Lawrence C Smith , VP, Controller & Chf Actg Ofcr of Breitburn Energy Partners Lp sold 88,677 shares on May 18, 2016. The Insider selling transaction was reported by the company on May 19, 2016 to the Securities and Exchange Commission. The shares were sold at $0.05 per share for a total value of $4,894.97 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 2, 2016, Gregory J Moroney (director) sold 7,000 shares at $6.41 per share price.On Jan 11, 2016, Halbert S Washburn (CEO) purchased 35,710 shares at $0.68 per share price.Also, On Jan 11, 2016, Gregory C Brown (EVP, Gen. Counsel, CAO) purchased 30,000 shares at $0.67 per share price.On Jan 7, 2016, David B Kilpatrick (director) purchased 20,000 shares at $0.64 per share price.
Breitburn Energy Partners LP: On Thursday, May 19, 2016 heightened volatility was witnessed in Breitburn Energy Partners LP which led to swings in the share price. The shares opened for trading at $0.0617 and hit $0.07 on the upside , eventually ending the session at $0.0641, with a gain of 16.12% or 0.0089 points. The heightened volatility saw the trading volume jump to 1,34,50,016 shares. The 52-week high of the share price is $5.98 and the company has a market cap of $14 M . The 52-week low of the share price is at $0.049.
Breitburn Energy Partners L.P. 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. Its assets consist primarily of producing and non-producing oil NGL and natural gas reserves located in seven producing areas which include Ark-La-Tex (Arkansas Louisiana and East Texas); Michigan Indiana and Kentucky (MI/IN/KY); Permian Basin in Texas and New Mexico; Mid-Continent (Oklahoma Kansas and the Texas Panhandle);Rockies (Wyoming); Florida (and Alabama) and California. Its midstream assets include transmission and gathering pipelines gas processing plants NGL recovery plants a controlling interest in a salt water disposal company a 51-mile oil pipeline in Oklahoma and the 120-mile Transpetco Pipeline. The Company’s total estimated proved reserves were approximately 315.3 MMBoe of which approximately 55% was oil over 8% was NGLs and approximately 37% was natural gas.