Bill Barrett (BBG -6.3%) sets an initial 2013 capital expense budget of $475M-$525M vs....

|About: Bill Barrett Corporation (BBG)|By:, SA News Editor

Bill Barrett (BBG -6.3%) sets an initial 2013 capital expense budget of $475M-$525M vs. estimated $900M-$950M in 2012 and well below Street estimates, and a production range of 83-87 Bcfe. BBG plans to generate 55% Y/Y oil production growth in 2013, or ~30% of total equivalent production, and includes drilling ~150 gross operated wells.