Operational Updates
Bill Barrett Announces 22% Increase in 2011 Proved Reserves
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Bill Barrett Corporation (NYSE: BBG) announced today certain unaudited operating results for year-end 2011 and certain operating guidance for 2012. Highlights from 2011 include (unaudited):
Proved reserve growth of 22% to 1.365 Tcfe, or 331% production replacement Proved, probable and possible reserve growth of 20% to 3.0 Tcfe Production growth of 11% to 106.8 Bcfe including 37% growth in oil production Total estimated exploration and development capital expenditures of $704 million Maintained strong balance sheet with more than $800 million of liquidityChairman, Chief Executive Officer and President Fred Barrett commented: "2011 was a year of building our long-term exploration and development portfolios while also transitioning these portfolios to have a stronger weighting of assets…
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