- Bill Barrett (BBG +3.1%) is higher after saying it expects to realize a $25M commodity derivative gain in Q2 due to positive derivative positions.
- In an update on commodity derivatives, BBG says it has swaps in place for production of 7,300 bbl/day of oil tied to pricing at $81.65/bbl and 5,000 MMBtu of natural gas/day tied to NWPL regional pricing at $4.10/MMBtu.
- BBG says it has ~7,750 bbl/day of oil hedged at an average WTI price of $72.57/bbl for the remainder of 2016.
Bill Barrett +3% on positive derivatives update
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