Exploration & Production | Top Story | Quarterly / Earnings Reports
Bill Barrett Cuts Piceance Activity, Ups Uinta Ops in Q3
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Bill Barrett Corp. has reported a third quarter 2013 update for its Piceance and Uinta Basin operations.
Uinta Basin, UtahUinta Oil Program (Blacktail Ridge, Lake Canyon, East Bluebell and South Altamont)- Third quarter net production averaged 7,950 Boe/d, up 43% from the third quarter of 2012 and up 18% sequentially. The Company has completed drilling a 57-well program for 2013.
Performance from the East Bluebell/South Altamont areas continues to be particularly strong with returns exceeding program averages, benefiting from consistent geology and lower costs. In East Bluebell, the Company is moving forward with 80-acre spacing, and the area offers the potential for further downspacing. Drilling in these areas are vertical wells targeting the Wasatch and Green River formations.
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