Denver's Bill Barrett Corp. Tuesday made a major pivot toward oil production with a $757 million sale of assets in Colorado’s Piceance Basin and Wyoming’s Powder River Basin and a land swap that boosted the company’s position in the booming Denver-Julesburg Basin.
As a result of the deals, company officials say Bill Barrett (NYSE: BBG) will have about 70 percent of its production come from oil produced in Colorado’s DJ Basin and Utah’s Uinta basin. That’s about 26 percent higher than…
Denver's Bill Barrett Corp. Tuesday made a major pivot toward oil production with a $757 million sale of assets in Colorado’s Piceance Basin and Wyoming’s Powder River Basin and a land swap that boosted the company’s position in the booming Denver-Julesburg Basin.
As a result of the deals, company officials say Bill Barrett (NYSE: BBG) will have about 70 percent of its production come from oil produced in Colorado’s DJ Basin and Utah’s Uinta basin. That’s about 26 percent higher than…