Former MLP Breitburn Emerges As Maverick

摘要

THE EMERGENCE OF Breitburn Energy Partners LP from Chapter 1 1 reorganization is a sign that energy companies are rebounding after oil prices reached a bottom in 2014, falling below $30 a barrel. Breitburn lowered its debt level massively through its restructuring to $105 million and began operating as Maverick Natural Resources on April 6. The company is now majority owned and controlled by funds and accounts managed by EIG Global Energy Partners, a Washington. D.C.-based firm focused on private investments in energy companies and projects in the oil and gas, midstream, infrastructure, power and renewables sectors.