Bill Barrett Corporation, an independent energy company, develops, acquires, and explores for oil and natural gas resources. All of the company’s assets and operations are located in the Rocky Mountain region of the United States. Areas of Operation As of December 31, 2014, the company had two key areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin. DJ Basin The company’s acreage positions in the DJ Basin are predominantly located in Colorado’s eastern plains and parts of southeastern Wyoming. As of December 31, 2014, the company’s proved reserves included 73.1 million barrels of oil equivalent (MMBoe). The company had interests in 388 gross (250.2 net) producing wells and served as operator in 254 gross wells. As of December 31, 2014, the company drilled 2 gross wells (1.8 net). It had a 58% weighted average working interest in producing wells in the DJ Basin. The DJ Basin is a core area of operation where the company drilled 64 operated wells and completed 67 operated wells in 2014 and had 3 rigs operating at the end of 2014. Uinta Basin The Uinta Basin is located in northeastern Utah. As of December 31, 2014, the company had estimated proved reserves of 48.1 MMBoe. The company had interests in 350 gross (200.8 net) producing wells and served as operator in 257 gross wells. As of December 31, 2014, the company drilled 1 gross well (0.3 net). The company had a 53% weighted average working interest in producing wells in the Uinta Oil Program. The Uinta Oil Program includes four areas of development located in the Uinta Basin that the company refers to as Blacktail Ridge, Lake Canyon, East Bluebell and South Altamont. The Uinta Oil Program is a core area of operation where the company drilled and completed 52 operated wells during 2014. Powder River Basin The Powder River Basin is located in northeastern Wyoming. The company’s Powder River Oil Program targets various Cretaceous oil bearing horizons, including the Parkman, Sussex, Shannon, Niobrara, Turner and Frontier formations through horizontal wells. Marketing and Customers The company markets the majority of the oil production from its operated properties. Its natural gas and related NGLs are generally marketed by third parties under percentage of proceeds contracts. The company sells its production to various purchasers under contracts with daily, monthly, seasonal, annual or multi-year terms. Purchasers include pipelines, processors, refineries, marketing companies and end users. The company sells production to a relatively small number of customers, as is customary in the development and production business. Environmental Matters and Regulation The company’s exploration and production activities, as well as proposed exploration and development plans, on federal lands require governmental permits that trigger the requirements of the National Environmental Policy Act. The company is in compliance with the requirements of the Resource Conservation and Recovery Act and related state and local laws and regulations, and that it has held, and continue to hold, all necessary and up-to-date approvals, permits, registrations and other authorizations to the extent that the company’s operations require them under such laws and regulations. The Federal Energy Regulatory Commission also regulates interstate natural gas transportation rates and service conditions, which affects the marketing of natural gas that the company produces, as well as the revenues that it receives for sales of its natural gas. History Bill Barrett Corporation was founded in 2002.
bill barrett corp (BBG:New York)
1099 18th Street
Denver, CO 80202
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