In 2013, Bill Barrett Corp. expects to drill 65 wells in Northeast Wattenberg acreage area primarily targeting the Niobrara B bench. The company had updated plans to include a little more pad drilling. The company is going to be drilling on some pads on 8 wells per section, testing 80 acre concept. The company will also drill a few testings in Niobrara C. The company will drill a few testing to the Codell formation, as well as going to drill at least one extended lateral in the play. With that nearly 1,100 locations, the way it came up with that 1,100 locations is putting about 4 wells per section on a majority of its acreage.

Bill Barrett Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported total operating and other revenues of $138.277 million against $179.176 million a year ago. Operating Income was $1.776 million against $33.453 million a year ago. Loss before income taxes was $52.578 million against income before income taxes of $58.173 million a year ago. Net loss was $33.151 million against net income of $35.893 million a year ago. Basic and diluted net loss per common share was $0.70 against net income of $0.76 per share a year ago. Net cash provided by operating activities was $66.926 million against $96.800 million a year ago. Additions to oil and gas properties, including acquisitions were $115.324 million against $230.158 million a year ago. Additions of furniture, equipment and other were $0.445 million against $2.329 million a year ago. Adjusted net loss was $11.756 million or $0.25 per diluted share against adjusted net income of $9.515 million or $0.20 per diluted share a year ago. For the first quarter of fiscal year 2013, the company reported impairment, dry hole costs and abandonment of $7,101,000 against $564,000 a year ago. The company reported production results for first quarter ended March 31, 2013. For the period, the company reported that oil and natural gas production totaled 21.2 billion cubic feet equivalent based on three-stream reporting, down from 28.2 billion cubic feet equivalent in the first quarter of 2012. The reported oil production volume was 8,827 barrels per day up 67% compared with the first quarter of 2012, including an 80% increase at the UOP and a three-fold increase in the DJ, partially offset by the oil production sold in the fourth quarter asset sale. The sales volume of oil was 8,827 barrels per day against 6,972 barrels per day a year ago. For fiscal year 2013, the company expects capital expenditures of $475 million to $525 million, oil and natural gas production of 86 billion cubic feet equivalent to 90 billion cubic feet equivalent, on a three-stream basis, unchanged. The Company is targeting 50%-plus growth in oil production in 2013 over 2012 and expects approximately 6% to 8% of production will be NGLs. The company expects for the second through fourth quarters of 2013, 46.8 billion cubic feet equivalent, or approximately 70% of production, at a weighted average price of $7.85 per thousand cubic feet equivalent. Approximately 75% of natural gas, two-thirds of oil and one-third of NGL production/sales is hedged. The Company anticipates drilling or participating in approximately 180 gross/100 net development wells in 2013, including participation in approximately 40 non-operated wells. The Company's development program will focus on growth in oil production and reserves at its established development programs. The company expects for 2014, approximately 35.8 billion cubic feet equivalent at a weighted average blended price of $7.75 per thousand cubic feet equivalent.

2013 Annual Meeting of Stockholders