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Bill Barrett Updates Rockies Ops; Talks 2013 Plans
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Bill Barrett Corporation reported 2012 results and announced operational updates including:
Total oil and natural gas production growth up 10% to 118 billion cubic feet equivalent (Bcfe) Oil production up 80% to 2.7 million barrels Oil reserves up 66% to 51 million barrels Proved reserves plus risked resources of 2.9 trillion cubic feet equivalent (Tcfe), including nearly 200 million barrels of oil Discretionary cash flow of $403 million or $8.51 per diluted common share; Adjusted net income of $6.9 million, or $0.15 per diluted common share Success with Denver-Julesburg (DJ) Basin pad drilling, with 30-day rates averaging 412 barrels of oil equivalent per well per day (Boe/d) at the first three four-well pads Completion of $335 million sale of natural gas assetsChief Executive Officer…
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