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.
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.