Colorado

Bill Barrett Corp., Denver, expects net production of 102 MMcfd of gas equivalent at its Gibson Gulch development in Colorado’s southeastern Piceance basin to rise to 107 MMcfe/d by the end of 2009.

By OGJ editors
HOUSTON, Nov. 4
– Bill Barrett Corp., Denver, expects net production of 102 MMcfd of gas equivalent at its Gibson Gulch development in Colorado’s southeastern Piceance basin to rise to 107 MMcfe/d by the end of 2009.

The company expects to have drilled 115-120 wells in all of 2009 as year-to-date drilling times have declined to 7 days spud to spud from 11 days 1 year ago. It plans to add 22 MMcfd in 2010 to its present 150 MMcfd gross operating compression capacity.

Barrett had 96% working interest in production from 506 gross wells in the Gibson Gulch development in Garfield County south of Silt, Colo., as of Sept. 30, 2009. It holds 17,200 net acres, 10,700 of which are undeveloped, as of June 2009.

To the northwest, Barrett has 90% working interest in 40,300 undeveloped acres at Cottonwood Gulch, where the company “continues to work with stakeholders to arrive at a mutually satisfactory resolution of matters related to responsible development of this area.”

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