Exploration & Production | Top Story | Quarterly / Earnings Reports | Second Quarter (2Q) Update
Bill Barrett Suspends Piceance Drilling; Looks Exit Powder River Basin
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Bill Barrett Corp. has reported a second quarter 2014 update on its Piceance and Powder River basin operations.
Piceance Basin, ColoradoGibson Gulch – Second quarter of 2014 net production in the Gibson Gulch program averaged 80 million cubic feet equivalent per day. Drilling in the area remains suspended as the Company focuses its operations plan on oil development.
At June 30, 2014, the Company had an approximate 74% working interest in production from 956 gross/717 net wells and held 12,000 net acres in its Gibson Gulch program.
Powder River Basin, WyomingPowder Deep Oil Program – Second quarter of 2014 net production averaged approximately 1,650 Boe/d from 22 net wells and was 77% oil. At June 30, 2014 the Company held 64,440 net acres in the Powder Deep Oil Program. The Company…
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