Let me start by discussing a few key quarterly highlights. During the second quarter we produced 1.953 million Boe of oil and natural gas, which is up 18% from the second quarter of 2011, and generated $66.3 million of adjusted EBITDA, which represents a 28% increase from the second quarter of 2011 and a quarterly record for the Partnership. These results reflect the quality of our underlying assets, our ongoing focus on efficient operations and the success of our growth through acquisition strategy.Turning to our distributions, we're pleased to have announced the second quarter distribution of $0.46 per unit or $1.84 on an annualized basis. This represents a 9% increase from second quarter 2011 distributions. Further, this marks our ninth consecutive quarterly distribution increase.
BreitBurn Energy Partners' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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