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Timothy Smith

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Timothy Smith

Re: cowboyinvestor69 post# 26

Tuesday, 09/29/2015 8:43:29 AM

Tuesday, September 29, 2015 8:43:29 AM

Post# of 69
Bill Barrett (NYSE:BBG) says its semi-annual borrowing base review has been completed, with its bank group reaffirming the $375M borrowing base related to its revolving credit facility maturing in April 2020.

BBG also lowers its 2015 capex guidance to $315M-$325M from its earlier outlook for $320M-$350M, due to lower XRL well costs and increased drilling and completion efficiencies.

BBG also says it has agreed to sell certain non-core Uinta Basin properties for ~$27M.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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