Last $10.82 USD
Change Today +1.04 / 10.63%
Volume 3.6M
BBG On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

bill barrett corp (BBG) Snapshot

Open
$9.82
Previous Close
$9.78
Day High
$10.83
Day Low
$9.62
52 Week High
01/22/14 - $29.73
52 Week Low
12/16/14 - $7.54
Market Cap
537.2M
Average Volume 10 Days
2.7M
EPS TTM
$-0.11
Shares Outstanding
49.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BILL BARRETT CORP (BBG)

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bill barrett corp (BBG) Details

Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States. The company was founded in 2002 and is headquartered in Denver, Colorado.

258 Employees
Last Reported Date: 02/21/14
Founded in 2002

bill barrett corp (BBG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $470.9K
Chief Financial Officer and Treasurer
Total Annual Compensation: $359.1K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $119.2K
Senior Vice President of Business Development
Total Annual Compensation: $306.4K
Compensation as of Fiscal Year 2013.

bill barrett corp (BBG) Key Developments

Bill Barrett Corporation Enters into Second Amendment to the Third Amended and Restated Credit Agreement

On December 5, 2014, Bill Barrett Corporation entered into a Second Amendment to the Third Amended and Restated Credit Agreement dated March 16, 2010, among the company, as the borrower, each of the lenders and agents party thereto and JPMorgan Chase Bank, N.A., as administrative agent for the lenders. The amendment was entered into on December 5, 2014 and has an effective date of September 30, 2014. The amendment amended the definition of Total Debt in the credit agreement to provide that, with respect to each period of four fiscal quarters ending on September 30, 2014, December 31, 2014 and March 31, 2015, if there are no loans outstanding under the credit facility on the date of determination, Total Debt shall be offset by the aggregate amount of unrestricted cash and cash equivalents in excess of $10,000,000 included in cash and cash equivalents accounts that would be listed on the consolidated balance sheet of the company and its consolidated subsidiaries.

Bill Barrett Corp. Announces the Separation of Stephen W. Rawlings, Senior Vice President-Operations from His Position

Bill Barrett Corporation announced that on November 11, 2014, the company announced the separation of Stephen W. Rawlings, Senior Vice President-Operations of the company, from his position with the company, effective December 31, 2014. In connection with Mr. Rawlings' separation, the company anticipates that it will enter into a separation agreement with Mr. Rawlings.

Bill Barrett Corp. Announces Unaudited Consolidated Earnings and Production Results for Third Quarter and Nine Months Ended September 30, 2014; Provides Guidance for 2014; Reports Impairment Charge for Third Quarter of 2014

Bill Barrett Corp. announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported total operating and other revenues of $135,263,000, operating loss of $111,033,000, loss before income taxes of $56,503,000, net loss of $34,649,000, of $0.72 per diluted share, net cash provided by operating activities of $103,884,000, additions to oil and gas properties, including acquisitions of $161,633,000, additions of furniture, equipment and other of $1,254,000, adjusted net loss of $3,118,000 or $0.06 per diluted share, compared to the total operating and other revenues of $148,555,000, operating loss of $200,070,000, loss before income taxes of $267,151,000, net loss of $166,656,000, of $3.51 per diluted share, net cash provided by operating activities of $73,273,000, additions to oil and gas properties, including acquisitions of $118,945,000, additions of furniture, equipment and other of $319,000, adjusted net loss of $4,435,000 or $0.09 per diluted share, for the same quarter a year ago. For the year to date, the company reported total operating and other revenues of $405,389,000, operating loss of $65,402,000, loss before income taxes of $117,327,000, net loss of $73,984,000, of $1.54 per diluted share, net cash provided by operating activities of $231,302,000, additions to oil and gas properties, including acquisitions of $425,978,000, additions of furniture, equipment and other of $2,110,000, adjusted net loss of $13,955,000 or $0.29 per diluted share, compared to the total operating and other revenues of $429,131,000, operating loss of $187,563,000, loss before income taxes of $296,853,000, net loss of $185,534,000, of $3.91 per diluted share, net cash provided by operating activities of $196,302,000, additions to oil and gas properties, including acquisitions of $335,597,000, additions of furniture, equipment and other of $1,506,000, adjusted net loss of $25,656,000 or $0.54 per diluted share, for the same period a year ago. The company reported net debt of $534.2 million. The company reported production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported daily combined volumes of 28,848 Boe compared to 38,848 Boe a year ago. The company produced 2.7 million barrels of oil equivalent including oil production of more than 1.1 million barrels. For nine months, the company reported daily combined volumes of 28,245 Boe/d compared to 40,835 Boe/d a year ago. The company updated financial and operating guidance for the year 2014. Capital expenditures expected to be in the range of $560 million to $570 million, increased by $27.5 million at the mid-point. This does not include the non-cash value of assets acquired through exchanges. The revised capital expenditure forecast adjusts for: Subsequent to the September 2014 acquisition of additional acreage in the Northeast Wattenberg, the company modified its drilling schedule in the Northeast Wattenberg to increase activity in higher working interest areas; and increased drilling and completion costs associated with testing new techniques, including plug-and-perf technology and increased sand volumes, which are being actively applied during the third and fourth quarters. The company expected 2014 production to be in the range of 9.0 million Boe to 9.4 million Boe, decreased by 4% at the midpoint. The revised production forecast relates to the duration of flowback periods for the XRL wells, which has ranged up to 45 days. The company has 21 wells in various stages of flowback and initial production. These wells are the primary drivers of fourth quarter incremental production growth. Given variability in the flowback period before first hydrocarbon production, the actual production contribution from these wells in the fourth quarter of 2014 can fall within a fairly wide range. All of these wells are expected to be on production in the first quarter of 2015. The company reported impairment expense of $26,743,000 for the third quarter of 2014 compared to $216,564,000 a year ago.

 

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Price/Cash Flow 2.5x
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