Bill Barrett (BBG) Misses Q4 EPS by 5c

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Go back to Bill Barrett (BBG) Misses Q4 EPS by 5c

Bill Barrett Corporation Reports Fourth Quarter and Year-End 2016 Financial and Operating Results, Provides 2017 Operating Guidance and Establishes Initial 2018 Production Growth Outlook of 30%-50%

March 2, 2017 4:08 PM EST

DENVER, March 2, 2017 /PRNewswire/ --

Production sales volumes of 6.1 million barrels of oil equivalent ("MMBoe") in 2016 were at the mid-point of guidance range; represents pro forma growth of 11% over 2015 Capital expenditures of $98 million in 2016 were below guidance range Lease operating expense ("LOE") of $4.58 per Boe in 2016, represents 29% improvement compared to 2015; Denver-Julesburg ("DJ") Basin LOE of $3.41 per Boe in 2016, represents 27% improvement compared to 2015 DJ Basin oil price differential averaged $3.45 per barrel in 2016; represents 58% improvement compared to 2015 XRL drilling days have averaged 7.4 days; represents a 33% improvement over 2015 Recently closed... More