IPO oversubscribed for Rockies independent

By OGJ editors

HOUSTON, Dec. 17 -- Investors have oversubscribed the public offering of Bill Barrett Co., Denver.

The initial public offering (IPO) is likely to have raised nearly $350 million for the Colorado independent, formed nearly 3 years ago (OGJ, Apr. 15, 2002, p. 36).

Bill Barrett Co. holds properties in several Rocky Mountain basins.

Owner Bill Barrett sold his previous company, Barrett Resources Corp., to Williams Cos. Inc., Tulsa, for $2.8 billion in 2001.

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