Hedging | Capital Markets
Bill Barrett Exposed; Barely Hedged for 2016
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Bill Barrett Corporation has announced that it is providing an update on 3Q15 hedge book.
The Company had derivative commodity swaps in place for the third quarter of 2015 for 10,800 barrels of oil per day tied to WTI pricing at $89.81 per barrel, 20,000 MMBtu of natural gas per day tied to NWPL regional pricing at $4.13 per MMBtu and no hedges in place for natural gas liquids (NGLs). Based on preliminary results, the Company expects to realize a cash commodity derivative gain of approximately $45.9 million in the third quarter due to positive derivative positions and estimates that it will record approximately $23.2 million in non-cash, unrealized commodity derivative gains. Bill Barrett ProductionEnlarge Image
Hedge BookThe Company expects its third quarter commodity price…
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