BreitBurn Energy Partners Announces Board-Level Changes.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- BreitBurn Energy Partners L.P. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BBEP), an oil and gas master limited partnership, today announced that David B. Kilpatrick has joined the Board of Directors of its general partner ("the Board") as an independent director and will serve on its Audit Committee effective March 26, 2008. Mr. Kilpatrick is President of Kilpatrick Energy Group, which invests in oil and gas ventures and provides executive management consulting services. He has 30 years of executive, management and operating experience in the oil and gas industry, including extensive experience in technical and economic evaluations of new projects, acquisitions, and investment proposals. He currently serves on the Board of Directors, and is Chairman of the Audit Committee, of Cheniere Energy. Until 2007, David also served on the Boards of Whittier Energy Corporation and PYR PYR Pyrrolidonyl Aminopeptidase PYR Per Your Request PYR Prior Year Report Energy Corporation. He was formerly President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Monterey Resources, Inc., the largest independent oil company in California until its merger with Texaco. He graduated from the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission with a B.S. degree in Petroleum Engineering and from Whittier College with a Bachelor's degree in Geology and Physics. He has also held leadership positions with many community and professional organizations. Mr. Kilpatrick was appointed to fill the vacancy created by the departure from the board of Greg L. Armstrong, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Plains All American Pipeline Plains All American Pipeline (NYSE: PAA) is a publicly traded Master Limited Partnership in the oil pipeline transmission and storage business in the United States. It owns about 37 million barrels (5,900,000 m³) of terminalling and storage capacity and 15,000 miles (25,000 , one of our three required independent directors. As a result of BreitBurn's acquisition in May 2007 of certain properties subject to pre-existing crude oil sales contracts with a subsidiary of Plains All American and the resulting ongoing related party transactions associated therewith there·with adv. 1. With that, this, or it. 2. In addition to that. 3. Archaic Immediately thereafter. Adv. 1. , Mr. Armstrong will be unable to remain in compliance with the independence standards established by NASDAQ. Accordingly, Mr. Armstrong resigned as an independent director effective March 26, 2008. Hal Washburn, BreitBurn's Co-CEO, said, "I speak for the entire Board in extending a warm welcome to Mr. Kilpatrick and we look forward to the insight and perspective he will bring. David's extensive experience in oil and gas matters will bring tremendous value to BreitBurn and we look forward to working with him and striving to enhance value for BBEP unitholders." Washburn added, "From both a professional and personal perspective, I am sad to see Greg leave the BreitBurn board. Greg's contribution to BreitBurn has been tremendous. His experience as CEO of one of the most successful and well-respected master limited partnerships was invaluable as we navigated the waters of becoming a publicly-traded master limited partnership and we are very grateful to him for his service." About BreitBurn Energy Partners L.P. BreitBurn Energy Partners L.P. is an independent oil and gas limited partnership focused on the acquisition, exploitation and development of oil and gas properties. BreitBurn's assets consist primarily of producing and non-producing crude oil and natural gas reserves located in the Los Angeles Basin The Los Angeles Basin is the coastal sediment-filled plain located between the peninsular and transverse ranges in southern California in the United States containing the central part of the city of Los Angeles as well as its southern and southeastern suburbs (both in Los Angeles in California, the Wind River and Big Horn Basins in central Wyoming, the Permian Basin in West Texas, the Sunniland Trend in Florida, and the Antrim Shale in Michigan and the New Albany Shale in Indiana and Kentucky. Visit BreitBurn online at www.BreitBurn.com BBEP-IR |
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