Bill Barrett Nets $371M In Sale Of Utah Gas Field

Law360, New York (October 23, 2013, 1:35 PM EDT) -- Bill Barrett Corp. said Wednesday that it's sold a natural gas property in Utah's Uinta Basin to an undisclosed buyer for $371 million as the Denver-based exploration company continues to trim long-term debt and shift its focus toward oil development.

Bill Barrett said its West Tavaputs property includes approximately 35,000 net acres and 300 producing wells, contained proved reserves of 265 billion cubic feet of natural gas equivalent at the end of 2012, and was producing 68 million cubic feet of natural gas equivalent per day...
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