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Q1 2010 Earnings Call – Bill Barrett Corp.

Bill Barrett Corp. · May 4, 2010 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q1 2010 Earnings Call – Bill Barrett Corp. – slide 1
    2010 First Quarter Results May 4, 2010 Fred Barrett Chairman and CEO Bob Howard CFO and Treasurer Joe Jaggers President and COO Piceance Basin, Colorado Investor Relations contact: Jennifer Martin…
  2. Q1 2010 Earnings Call – Bill Barrett Corp. – slide 2
    Highlights Fred Barrett Chairman and CEO Operations on track for 2010 Production 21.7 Bcfe Discretionary cash flow 105 million or 2.30 per share, well exceeded consensus estimates Earnings 24 million or 0.53 per share, also well…
  3. Q1 2010 Earnings Call – Bill Barrett Corp. – slide 3
    Amended and Extended Bank Credit Facility Bob Howard CFO and Treasurer Amended and extended bank credit facility 800 million borrowing base 700 million commitments 19 participating banks Largely undrawn Low debt : 30% book…
  4. Q1 2010 Earnings Call – Bill Barrett Corp. – slide 4
    First Quarter 2010 Summary Results Bob Howard CFO and Treasurer QUARTER RESULTS (Unaudited) Year-over-year Sequential 1Q10 1Q09 Variance 4Q09 Variance Production (Bcfe) 21.7 22.1 -2% 22.8 -5% Capital expenditures (mm) 103.6 111.0…
  5. Q1 2010 Earnings Call – Bill Barrett Corp. – slide 5
    Financially Well-Positioned for 2010 and Beyond Bob Howard CFO and Treasurer 685 million in liquidity at quarter-end Substantial hedge positions support cash flow Approximately 60% of production hedged At average floor price of…
  6. Q1 2010 Earnings Call – Bill Barrett Corp. – slide 6
    Rockies Export Capacity Improving Access to Premium Markets Joe Jaggers President and COO Pipeline Capacity v. Actual Exports CIG Basis Differential 10.00 0.00 9.00 -0.28 -0.20 01/01/2010 HH/CIG Differential per MMBtu…
  7. Q1 2010 Earnings Call – Bill Barrett Corp. – slide 7
    Increasing Proportion of Liquids Joe Jaggers President and COO Q1, 2010 Q4, 2010 Dry Gas Dry Gas 85% 80% Oil, NGL, Oil, NGL, 5% 10% 8% 12% 15% of Production 20% of Production Energy Basis Energy Basis 8 5/4/2010 3:58…
  8. Q1 2010 Earnings Call – Bill Barrett Corp. – slide 8
    Development Update Joe Jaggers President and COO Piceance Basin, Colorado Gibson Gulch Q1, 2010 net production: 109 MMcfe/d Plan to drill 130-140 wells in 2010; three rigs operating Cottonwood Gulch Continue to participate in…
  9. Q1 2010 Earnings Call – Bill Barrett Corp. – slide 9
    Exploration Update Joe Jaggers President and COO Paradox Basin, Colorado Yellow Jacket Larger fracture stimulation on Koskie 13H-27 produced superior results; commerciality of the well yet to be determined Plan to drill next well…
  10. Q1 2010 Earnings Call – Bill Barrett Corp. – slide 10
    Takeaway comments Fred Barrett Chairman and CEO Key development programs on track Target 8%-12% production growth Strong revenues in moderate gas price environment Oil and NGL contribution Solid hedge positions Collapsed…

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