Bill Barrett (BBG) Misses Q1 Expectations
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Bill Barrett Corporation Reports First Quarter 2015 Financial and Operating Results - 82% Production Growth from DJ, $1.00 per Share Discretionary Cash Flow and 2015 Production Guidance Increased
May 8, 2015 8:00 AM EDTDENVER, May 8, 2015 /PRNewswire/ -- Bill Barrett Corporation (the "Company") (NYSE: BBG) reports first quarter of 2015 results, including these highlights:
Produced 1.6 MMBoe, exceeding estimates as a result of strong well performance in the DJ Basin Increased DJ Basin production 82% over the first quarter of 2014 and 28% sequentially Delivered excellent performance from extended reach lateral drilling program, demonstrating consistent execution with results from four new wells Generated $1.00 per share discretionary cash flow Reduced long-term debt by $25 million with redemption of convertible securities Reaffirmed and... More