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


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.

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