Following approval by 97% of QR Energy shareholders, Breitburn Energy Partners announced the completion of its $3.0 billion acquisition of the fellow upstream MLP. The deal secures Breitburn's place as the second-largest upstream MLP with combined proved reserves of 323 MMboe, production of 57,300 boepd (67% oil and NGLs) and enterprise value of $7.8 billion. It also marks one of the largest all-stock deals to date for the upstream MLP sector. In connection with......
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