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Bill Barrett Plans Lower Piceance/Uinta Activity; Cites Underperformance
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Bill Barrett Corp. has reported an update on its second quarter 2013 operations in the Uinta and Piceance basins.
Uinta Basin, UtahUinta Oil Program (Blacktail Ridge, Lake Canyon, East Bluebell and South Altamont) –
Second quarter net production averaged 6,740 Boe/d. The Company plans to operate one-to-two rigs in the area for the remainder of the year to complete its planned full year program that includes approximately 65 gross/40 net operated wells.
Current year production from the area is expected to be lower than original plan primarily due to two causes. The Company applied various completion techniques aimed at improving overall returns that did not meet expectations, and performance of certain wells drilled late 2012 early 2013 statistically underperformed the type curve. While…
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