Breitburn Energy Partners Files Shelf Registration Statement on behalf of Existing Breitburn Series B Preferred Unitholders

LOS ANGELES--()--Breitburn Energy Partners LP (NASDAQ:BBEP) has filed a resale shelf registration statement on Form S-3 with the Securities and Exchange Commission today, as required under its registration rights agreement related to its Series B Perpetual Convertible Preferred Units.

On April 8, 2015, Breitburn completed a private placement of its Series B Preferred Units with EIG Global Energy Partners and other purchasers (Existing Series B Holders). The resale registration statement filed today deals solely with Breitburn’s Series B Preferred Units held by the Existing Series B Holders. Once declared effective, the registration statement will provide the Existing Series B Holders with an additional optional method for reselling their Series B Preferred Units (or any common units that may be issued upon the conversion of their Series B Preferred Units) in the future, should they choose to do so.

Breitburn is not selling any securities under the resale registration statement and will not receive any proceeds from the sale of the Series B Preferred Units (or any common units that may be issued upon the conversion of the Series B Preferred Units) by the Existing Series B Holders, if a sale were to occur. No new Breitburn units are being issued or offered under the registration statement.

Cautionary Statement Regarding Effectiveness

Assuming that the SEC declares the resale registration statement to be effective, the Existing Series B Holders may offer Series B Preferred Units (and any common units that may be issued upon the conversion of the Series B Preferred Units) to the public, if they choose, under the registration statement. If the Existing Series B Holders offer the Series B Preferred Units (and any common units that may be issued upon the conversion of the Series B Preferred Units) through an underwritten offering, Breitburn will file a prospectus supplement with the SEC setting forth the terms of the underwritten offering.

The registration statement has been filed with the SEC, but is not yet effective. The securities registered under the registration statement may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release is not intended to be and shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Breitburn Energy Partners LP

Breitburn Energy Partners LP is a publicly traded, independent oil and gas master limited partnership focused on the acquisition, development, and production of oil and gas properties throughout the United States. Breitburn’s producing and non-producing crude oil and natural gas reserves are located in the following seven producing areas: Ark-La-Tex, Michigan/Indiana/Kentucky, the Permian Basin, Mid-Continent, the Rockies, Florida, and California.

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward-looking statements. All statements included in this press release that address activities, events or developments that Breitburn expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by Breitburn 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, including those which are set forth under the heading “Risk Factors” in 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.

BBEP-IR

Contacts

Breitburn Energy Partners LP
Antonio D'Amico
Vice President, Investor Relations & Government Affairs
or
Jessica Tang
Investor Relations Manager
(213) 225-0390

Contacts

Breitburn Energy Partners LP
Antonio D'Amico
Vice President, Investor Relations & Government Affairs
or
Jessica Tang
Investor Relations Manager
(213) 225-0390