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Bill Barrett Hits the Brakes in the Uinta; Focuses on DJ Basin Efficiencies
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Bill Barrett Corporation reports second quarter of 2015 results.
Highlights: Sales volumes grew to 1.6 MMBoe, exceeding guidance by 9% due to solid execution of the DJ Basin drilling program Increased DJ Basin production by 76% year-over-year and 8% sequentially Increasing full-year 2015 production guidance to 6.1-6.5 MMBoe, represents 23% growth over 2014 utilizing the mid-point of the guidance range Generated $1.06 per share discretionary cash flow Maintain strong liquidity of $450 million with zero drawn on credit facility and cash and short-term investments of $101 million Operational Highlights DJ BasinSecond quarter DJ Basin highlights include:
Produced an average of 12,527 Boe/d, up 76% from the second quarter of 2014 and up 8% sequentially. Drilled 7 gross/7 net operated XRL…- ✓ Full news archive — U.S., Canada & international coverage
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