Bill Barrett says 88% proved reserve growth at three active oil programs

Bill Barrett (BBG) reports FY 2013 production of 14.5M boe (86.9B cfe), up 30% Y/Y, with year-end proved reserves of 197M boe, including 88% growth in proved reserves at three active oil programs including the DJ Basin, where proved reserves rose 355% to 65.8M boe.

Plans to spend $500M-$550M in 2014 capex, and expects to participate in ~200 gross development wells, including ~85 gross operated wells in the DJ Basin.

BBG +1.1% AH.

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