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Bill Barrett Planning Sale of Powder River, Focus on DJ, Uinta
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Bill Barrett Corporation has reported first quarter 2014 results and announced operational updates highlighted by:
Total production of 2.43 MMBoe reflecting strong year-over-year production growth in the Denver-Julesburg (DJ) Basin of 137%, East Bluebell of 34% and the Powder Deep of 108% DJ Basin production of 6,430 Boe/d, up 25% sequentially from the fourth quarter of 2013 Commodity balanced production with 38% oil, 44% natural gas and 18% NGLs Discretionary cash flow of $55.3 million, or $1.15 per diluted common share. This is up 36% per Boe from the first quarter of 2013 as the Company drives improved profitability from its core oil development programs Five new delineation wells in the southern portion of the Company's Northeast Wattenberg, DJ Basin acreage position. Initial…- ✓ Full news archive — U.S., Canada & international coverage
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