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Bill Barrett Ramps Up 2015 Spending; Will Accelerate XRL Ops
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Bill Barrett Corporation reported that it is increasing its 2015 capital program to expand and accelerate its extended reach lateral (XRL) drilling program in the Northeast Wattenberg area of the Denver-Julesburg Basin and is establishing an initial 2016 production growth range.
The increased activity will include adding a second rig in the NE Wattenberg area early in the third quarter of 2015 that the Company expects will spud an additional 11 gross (8 net) operated XRL wells in the second half of 2015. The Company now anticipates participating in 35-40 gross (28-32 net) operated development wells in the NE Wattenberg area during 2015, most of which are XRL wells. The increased development activity will contribute only slightly to 2015 production due to the timing of completions…
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