Breitburn holds oil and gas properties that are characterized by stable, long-lived production with proved reserve life indexes averaging greater than 12 years. Our fields generally have long production histories, with some fields dating back to the 1800s. Breitburn produces oil and gas from 7 different areas throughout the United States*:
Specifically, our producing assets are located in:
In all, our total estimated proved reserves are 205.3 MMBoe. We own working interests in 11,968 gross producing wells and have ~1.1 million gross (623,544 net) acres of leasehold acreage.
At year-end 2016, approximately 74% of Breitburn's estimated proved reserves were proved developed (PD) and 26% were proved undeveloped (PUD).
*As of December 31, 2016.