Key Developments: Bill Barrett Corp (BBG)

BBG on New York Consolidated

23.71USD
19 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Bill Barrett Corp announces $757 mln total value divestiture of powder river and piceance basin properties and acquisition of additional acreage in the Northeast Wattenberg
Tuesday, 16 Sep 2014 07:33am EDT 

Bill Barrett Corp:Signs purchase and sale agreements with several undisclosed purchasers for the sale of the majority of Powder River Basin acreage and the Company's remaining position in the Gibson Gulch natural gas program in the Piceance Basin.Transactions include acqusition of 7,856 net acres and 390 barrels of oil equivalent per day (Boe/d) net production within the southern block of its operated Northeast Wattenberg area in exchange for acreage in the Powder River Basin.Total value of the transactions is $757 mln.Citigroup Global Markets, Inc. acted as financial advisor to the Company on the Gibson Gulch sale and BMO Capital Markets acted as financial advisor on the Powder River Basin transactions.  Full Article

Bill Barrett Corp lowers FY 2014 production outlook; gives Q3 2014 production outlook
Tuesday, 16 Sep 2014 07:32am EDT 

Bill Barrett Corp:Expects FY 2014 total production of 9.4-9.8 mln barrels of oil equivalent (MMBoe).This reduces previous guidance by about 1.4 MMBoe, about 10 pct oil, as a result of production attributable to sold assets.Expects FY 2014 exit rate production to be about 21 MBoe/d.Expects Q3 2014 total production to range between 2.6-2.7 MMBoe.  Full Article

Vanguard Natural to acquire Natural Gas and Liquids Properties from Bill Barrett Corp
Tuesday, 16 Sep 2014 07:15am EDT 

Vanguard Natural Resources LLC:Enters into a definitive agreement to acquire natural gas, oil and natural gas liquids assets in the Piceance Basin in Colorado for a purchase price of $525 mln from Bill Barrett Corporation.Effective date of the acquisition is July 1 and the Company anticipates closing this acquisition on or before Oct. 1.  Full Article

Bill Barrett Corp reaffirms FY 2014 production guidance
Thursday, 31 Jul 2014 04:31pm EDT 

Bill Barrett Corp:Reaffirms FY 2014 production of 11.0 million -12.2 million Boe.  Full Article

Bill Barrett reaffirms FY 2014 production guidance
Thursday, 1 May 2014 04:30pm EDT 

Bill Barrett Corp:Expects FY 2014 production of 11.0 million -12.2 million Boe.  Full Article

Bill Barrett Corp reaffirms FY 2014 production guidance
Thursday, 20 Feb 2014 04:15pm EST 

Bill Barrett Corp:Expects FY 2014 production of 11.0 million -12.2 million Boe.  Full Article

Bill Barrett Corp gives FY 2014 production outlook
Tuesday, 4 Feb 2014 04:30pm EST 

Bill Barrett Corp:Sees FY 2014 total production between 11.0 mln--12.2 mln barrels of oil equivalent (MMBoe), which includes more than tripling production from the DJ Basin.  Full Article

Bill Barrett Corp closes west tavaputs sale
Tuesday, 10 Dec 2013 05:13pm EST 

Bill Barrett Corp:Says it closed on its previously announced sale of the West Tavaputs natural gas property located in the Uinta Basin, Utah to affiliates of EnerVest, Ltd. for a total adjusted transaction value of $369 million.Says the total transaction value includes about $46 million for the purchaser's assumption of the company's lease financing obligation related to compressor units on the property.Says the transaction value was adjusted to the Aug. 1 effective date, providing net cash proceeds to the company of about $310 million.  Full Article

Bill Barrett Corp Issues Q3 2013 Charge Guidance
Wednesday, 23 Oct 2013 06:30am EDT 

Bill Barrett Corp announced that for third quarter of 2013, it expects to record non-cash impairment charges of approximately $200 million (pretax) associated with the asset sale, and expects that the transaction will not incur a current tax liability.  Full Article

Bill Barrett Corp Announces $371 Million Sale Of The West Tavaputs Natural Gas Asset
Wednesday, 23 Oct 2013 06:30am EDT 

Bill Barrett Corp announced that it has signed a purchase and sale agreement with an undisclosed purchaser for the sale of the Company's West Tavaputs natural gas property located in the Uinta Basin, Utah. Total consideration, prior to customary closing adjustments, is $371 million and includes approximately $46 million for the purchaser's assumption of the lease financing obligation for compressor units on the property. The transaction is expected to close before year-end.  Full Article

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