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Bill Barrett Corporation: An Oil-Weighted Producer

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Dec. 9 2016, Published 3:18 p.m. ET

Bill Barrett’s oil production

Crude oil (UCO) represented 65.0% of Bill Barrett Corporation’s (BBG) total production in 3Q16. Oil’s share as a percentage of BBG’s total production has fallen slightly since 3Q14, but it has mostly remained stagnant for the past five quarters.

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Peer comparison

In comparison, peers Continental Resources (CLR), Newfield Exploration (NFX), and Concho Resources (CXO) saw production mixes of 56.0% oil, 42.0% oil, and 61.0% oil, respectively.

BBG’s total production, on the other hand, has risen from 3Q14 levels but has fallen since its 3Q15 levels. BBG attributes this fall to non-core asset sales in the Denver-Julesburg (or DJ) Basin and the Uintah Basin.

In the next part, let’s take a look at BBG’s production guidance for 2016 and its operational performance in 3Q16.

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