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BreitBurn Energy Partners L.P. (NASDAQ: BBEP) is an independent oil and gas limited partnership, focused on the acquisition, exploitation and development of oil and gas properties for the purpose of generating cash flow to make distributions to our unitholders. Our assets consist primarily of producing and non-producing crude oil and natural gas reserves located in the Los Angeles Basin in California, the Wind River and Big Horn Basins in central Wyoming, the Sunniland Trend in Florida, the Antrim Shale in Michigan and the New Albany Shale in Indiana and Kentucky.
NuVista is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in Western Canadian Sedimentary Basin. NuVista’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin. This play has the potential to create significant shareholder value due to the high-value condensate volumes associated with the natural gas production and the large scope of this resource play. 2012 was a pivotal year for NuVista, repositioning the company from an acquire and develop business model to a business model focused on its Wapiti Montney play with strong economics, repeatability and scale. The focus of 2012 and 2013 was on delineation drilling and follow-up drilling to identify development drilling opportunities. The focus of 2014 is executing on a development program primarily in it Bilbo (South) Development Block and adding new infrastructure to increase processing capacity.
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