Bill Barrett Corp. to begin drilling in Denver-Julesburg Basin again

Bill_Barrett_LogoBy ALDO SVALDI – Denver Post – August 15, 2016

Denver-based Bill Barrett Corp. will revive its horizontal drilling program in the Denver-Julesburg Basin, with plans to bring a dozen new wells into production by the first quarter of next year.

Company president and CEO Scot Woodall, in a presentation at EnerCom’s The Oil and Gas Conference in Denver Monday, said the company has found a way to drill wells at nearly half the cost and in half the time versus 2014.

Strong hedging contracts will permit the company to sell up to 70 percent of its expected oil production for the remainder of the year at $72.57 a barrel, a significant premium to the $45 a barrel that a barrel of West Texas intermediate crude currently commands.

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