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Q4 2009 Earnings Call – Bill Barrett Corp.

Bill Barrett Corp. · Feb 23, 2010 · 9 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. Q4 2009 Earnings Call – Bill Barrett Corp. – slide 1
    2009 Fourth Quarter and Full Year Results Joe Jaggers Fred Barrett Bob Howard President and COO Chairman and CEO CFO and Treasurer Piceance Basin, Colorado February 23, 2010 Investor Relations contact: Jennifer Martin…
  2. Q4 2009 Earnings Call – Bill Barrett Corp. – slide 2
    Highlights Fred Barrett Chairman and CEO Another record year for production, cash flow, reserves and finding costs --sustaining our outstanding track record for growth 2009 production of 89.7 Bcfe, up 16% 2009 discretionary cash…
  3. Q4 2009 Earnings Call – Bill Barrett Corp. – slide 3
    2009 Summary Results Bob Howard CFO and Treasurer QUARTER RESULTS FULL YEAR RESULTS (Unaudited) Year-over-year Sequential 4Q '09 4Q '08 Variance 3Q '09 Variance 2009 2008 Variance Production (Bcfe) 22.8 19.6 16% 22.8 0% 89.7 77.6…
  4. Q4 2009 Earnings Call – Bill Barrett Corp. – slide 4
    Financially Well-Positioned for 2010 Bob Howard CFO and Treasurer 400-425 million capital budget aligned with projected cash flow Bank credit facility of 592.8 million, undrawn Substantial hedge positions support cash flow…
  5. Q4 2009 Earnings Call – Bill Barrett Corp. – slide 5
    Rockies Export Capacity Improving Access to Premium Markets Joe Jaggers President and COO Current Rockies export capacity 8.9 Bcf/d Expected long term capacity additions of 2.5 Bcf/d Kern River +0.4 Bcf/d, Bison +0.5 Bcf/d, Ruby +1.5…
  6. Q4 2009 Earnings Call – Bill Barrett Corp. – slide 6
    Improved Cost Structure Joe Jaggers President and COO Finding and Development Lease Operating Expense (/Mcfe) (/Mcfe) 2.48 1.99 1.83 1.76 3 year 1.76 weighted co m poun 13% d im average prov eme 1.68 0.68 nt 1.44 0.57…
  7. Q4 2009 Earnings Call – Bill Barrett Corp. – slide 7
    Solid Reserve Replacement Reflects Asset Quality and Operating Expertise Joe Jaggers President and COO 177.3 964.8 Bcfe New SEC Rules Impact -62 86 101.5 818.3 - 89.7 -7 Bcfe Drilling Pricing 5 Year 1 Offset - 42.8 0.2 Additions…
  8. Q4 2009 Earnings Call – Bill Barrett Corp. – slide 8
    Development Update Joe Jaggers President and COO Piceance Basin, Colorado Gibson Gulch Proved reserves 12/09: 532 Bcfe Net production: 106 MMcfe/d Drilled 119 wells in 2009, plan 120-130 wells in 2010; three rigs operating Uinta…
  9. Q4 2009 Earnings Call – Bill Barrett Corp. – slide 9
    Takeaway comments Fred Barrett Chairman and CEO Realizing strong Rockies margin: Collapsed differential to approximately 0.36 Substantial hedge positions Liquids benefit Low cost operations Focused on advancing major growth…

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