Bill Barrett Corporation (NYSE:BBG) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01.Completion of Acquisition or Disposition of Assets
On December 29, 2017, Bill Barrett Corporation (the “Company”) closed on the previously announced sale of the Company's remaining non-core assets located in the Uinta Basin in Utah to Lonesome Oil & Gas, LLC and Big West Exploration and Production LLC, for cash proceeds of approximately $100 million, subject to post-closing adjustment.
Item 2.02.Results of Operations and Financial Condition
The Unaudited Pro Forma Condensed Consolidated Financial Information of the Company as of September 30, 2017, for the nine months ended September 30, 2017, and for the year ended December 31, 2016 for the Uinta Basin sale were previously filed as Exhibit 99.1 to Current Report on Form 8-K on December 5, 2017.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing.
Item 7.01.Regulation FD Disclosure
On December 29, 2017, the Company issued a press release announcing that it closed on the sale of non-core assets located in the Uinta Basin. The press release is attached as Exhibit 99.1 to this Current Report.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item shall not be deemed “filed” for the purpose of Section18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing.
Item 9.01.Financial Statements and Exhibits
(d)Exhibits
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Exhibit Number |
Description of Exhibit |
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99.1 |
Press Release, dated November 29, 2017 |
BILL BARRETT CORP ExhibitEX-99.1 2 bbg-12292017xex991.htm EXHIBIT 99.1 Exhibit Press Release For immediate releaseCompany contact: Larry C. Busnardo,…To view the full exhibit click here
About Bill Barrett Corporation (NYSE:BBG)
Bill Barrett Corporation is an independent energy company that develops, acquires and explores for oil and natural gas resources. The Company’s assets and operations are located in the Rocky Mountain region of the United States. The Company develops oil and natural gas in the Rocky Mountain region of the United States. The Company has over two areas of production, including The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin. The Company’s acreage positions in the DJ Basin are located in Colorado’s eastern plains and parts of southeastern Wyoming. DJ Basin’s estimated proved reserves are 62.3 million barrels of oil equivalent (MMBoe). The Company has interests in approximately 280 gross producing wells. The Company serves as an operator in approximately 170 gross wells. The Uinta Basin is located in northeastern Utah. Uinta Basin’s estimated proved reserves are 21.4 MMBoe. Uinta Basin has interests in approximately 240 gross producing wells.