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Bill Barret’s DJ Basin Operating Margins: Greater Than Peers

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BBG’s operating margins

In a presentation released by Bill Barrett Corporation (BBG) on December 1, 2016, the company compared its Denver-Julesburg (or DJ) Basin operating margins to its peers.

The company noted that it had the highest unhedged operating margins among its peers in the DJ Basin, based on 3Q16 calculations. BBG’s operating margin in 3Q16 was $26.42 per boe (barrel of oil equivalent) compared to a peer average of $19.51.

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BBG’s peers

BBG’s peers include Bonanza Creek Energy (BCEI), PDC Energy (PDCE), Synergy Resources (SYRG), and Extraction Oil & Gas (XOG). PDCE and SYRG make up 3.4% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

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