Exploration & Production
Bill Barrett Provides Niobrara and Piceance Basin Update
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Bill Barrett anticipates drilling or participating in approximately 296 gross/204 net development wells in 2012. The Company's development program will focus on growth in oil production and reserves. Currently, the Company has six rigs active in development programs including three in the Uinta Oil Program, one in the DJ and two in Gibson Gulch with plans to add three rigs targeting oil in the second quarter, including two in the Uinta Oil Program and one in the DJ Basin.
Uinta Basin, UtahUinta Oil Program (Blacktail Ridge, Lake Canyon, East Bluebell and South Altamont) – Current net production is approximately 4,100 barrels of oil equivalent per day ("Boe/d"). The Company currently has three drilling rigs operating in the area and plans to add two more rigs by the end of this month. The…
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