BreitBurn Energy Partners LP, Los Angeles, (Nasdaq: BBEP) has priced its private offering to eligible purchasers of $305 million principal amount of 8.625% senior notes due 2020 at an offering price equal to 98.358% of par.

The offering was upsized from $250 million to $305 million. The partnership intends to use net proceeds of approximately $291.4 million to reduce borrowings under its bank credit facility. The offering is expected to close Oct. 6.

BreitBurn has interests in the Antrim shale in Michigan; the Los Angeles Basin in California; the Wind River and Big Horn basins in central Wyoming; the Sunniland trend in Florida; and the New Albany shale in Indiana and in Kentucky.