Breitburn Energy operating loss shrinks to $8.73 million in October

By Caroline Salls

Pittsburgh, Dec. 1 – Breitburn Energy Partners, LP reported an operating loss of $8.73 million for October on $50.74 million in total revenue and other income items, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, Breitburn posted a $410.93 million operating loss for September on $44.91 million in total revenue and other income items.

As previously reported, the September operating loss included a $402.66 million impairment of oil and natural gas properties.

October’s net loss was $20.81 million, narrowing from a $426.16 million September net loss.

Cash was $6.76 million at Oct. 31, down from $7.16 million on Sept. 30.

Breitburn is a Los Angeles-based oil and gas master limited partnership focused on the acquisition, development and production of oil and gas properties throughout the United States. The company filed bankruptcy on May 15, 2016 under Chapter 11 case number 16-11390.

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