News Column

Breitburn Energy Partners L.P. Announces Initial Cash Distribution for its 8.25% Series A Preferred Units

June 19, 2014



LOS ANGELES--(BUSINESS WIRE)-- Breitburn Energy Partners L.P. (NASDAQ:BBEP) has declared today a cash distribution for its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units (Series A Units) of $0.309375 per Series A Unit, payable on July 15, 2014, to record holders of Series A Units at the close of business on June 30, 2014. This distribution marks the initial distribution payable on the Series A Units for the period from May 21, 2014 to July 15, 2014.

About Breitburn Energy Partners L.P.

Breitburn Energy Partners L.P. (Breitburn) is a publicly-traded independent oil and gas master limited partnership focused on the acquisition, exploitation, development and production of oil and gas properties throughout the United States. Breitburn’s producing and non-producing crude oil and natural gas reserves are located in Michigan, Oklahoma, Texas, Wyoming, California, Florida, Indiana and Kentucky. See www.Breitburn.com for more information.

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Breitburn expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by Breitburn based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. See “Risk Factors” in Breitburn’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 28, 2014, and Breitburn’s other public filings and press releases.

Non-U.S. investors are not Eligible Holders of Breitburn Series A Units. In addition to the other consequences of not qualifying as Eligible Holders, this press release is intended to provide a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Breitburn’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a U.S. trade or business. Accordingly, Breitburn’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

BBEP-IR



Breitburn Energy Partners L.P.

Antonio D’Amico

Vice President, Investor Relations & Government Affairs

(213) 225-0252

or

Jessica Tang

Investor Relations

(213) 225-0210

Source: Breitburn Energy Partners L.P.


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