- Bill Barrett (BBG +4.4%) says it will resume its drilling program in the Denver-Julesburg basin, with up to 12 new wells set to spud by the end of the year.
- BBG says lower well costs and operating expenses, combined with a narrowing DJ Basin oil price differential, will generate a competitive rate-of-return in the current commodity price environment.
- BBG projects that its 2016 capex will now be at the high end of its previously disclosed guidance range of $75M-$100M to account for the additional drilling activity.