Exploration & Production | Rig Count | Forecast - Production | Hedging | Capital Markets | Capital Expenditure | Drilling Program | Drilling Contractor
Bill Barrett Cuts Capital, Running 1.5 Rigs
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Bill Barrett Corporation has reported 2014 results and announced the 2015 Operating Plan and Strategy.
2015 Highlights: Capital expenditures of $240-$280 million One-rig program through the year in the DJ Basin drilling 20-25 wells Partial year rig in the Uinta Basin drilling ~9 wells in the East Bluebell area, plus participation in non-operated wells in both basins. Well costs are expected to vary during the year due to the timing of service cost reductions. Currently, XRL wells in the Northeast Wattenberg are approximately $6.25 million per well. Wells in East Bluebell are expected to average $1.6 million per well. First quarter of 2015 capital expenditures are expected to be approximately $115 million due to maintaining four rigs through approximately one-half of the…Finish this article — free account or subscription
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