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Operational Updates

Bill Barrett Corp. Talks Q3 Niobrara, Uinta Programs

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Bill Barrett Corporation reported third quarter 2012 results and announced operational updates highlighted by:

Total oil and natural gas production growth, up 12% to 31.3 billion cubic feet equivalent ("Bcfe") compared with the third quarter of 2011. Oil production up 80% over the third quarter of 2011 and up 13% sequentially. Discretionary cash flow (a non-GAAP measure, see below) of $2.24 per diluted common share, or $105.8 million, up 12% sequentially. Successful 4-well pad in Northeast Wattenberg, with per well average 24-hour peak initial production ("IP") rate of 712 barrels of oil equivalent per day ("Boe/d") and a per well average 30-day rate of 407 Boe/d. Particularly strong wells in the Uinta Oil Program ("UOP") East Bluebell area where four recent vertical wells averaged more…
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