Bill Barrett Corporation Explained

Bill Barrett Corporation
Type:Public
Foundation:2002
Founder:William J. "Bill" Barrett
Fate:Merged with HighPoint Resources
Location:Denver, Colorado
Key People:Bill Barrett, Founder
Fredrick J. Barrett, CEO and chairman
Industry:oil exploration
Revenue:US$698M (FY 2010)[1]
Operating Income:US$183M (FY 2010)
Net Income:US$80.5M (FY 2010)
Assets:US$2.04B (FY 2010)[2]
Equity:US$1.14B (FY 2010)
Num Employees:280 [3]
Homepage:www.billbarrettcorp.com

Bill Barrett Corporation was an energy company based in Denver, Colorado. Its core business is natural gas and oil exploration and development in the Rocky Mountains region of the United States.

History

William J. "Bill" Barrett founded the company in January 2002 after his previous company, Barrett Resources, was acquired by the Williams Companies in August 2001.[4] Bill Barrett Corporation went public in December 2004. Barrett stepped down as chairman and CEO in 2006, and was succeeded by his son Fredrick J. Barrett.

One company project that has drawn press coverage and public debate is the development of natural gas reserves in the West Tavaputs Plateau, in and around Nine Mile Canyon, in Utah's Uinta Basin. This find won the trade publication Oil and Gas Investors 2005 Excellence Award for Best Discovery.[5]

Bill Barrett Corporation merged into HighPoint Resources Corp in 2017,[6] which subsequently merged with Bonanza Creek Energy, Inc.[7]

Notes and References

  1. https://web.archive.org/web/20111209004522/http://www.wikinvest.com/stock/Bill_Barrett_(BBG)/Data/Income_Statement Bill Barrett (BBG) annual SEC income statement filing via Wikinvest.
  2. https://web.archive.org/web/20111209004516/http://www.wikinvest.com/stock/Bill_Barrett_(BBG)/Data/Balance_Sheet Bill Barrett (BBG) annual SEC balance sheet filing via Wikinvest.
  3. https://archive.today/20120710073207/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capid=1921896 Bill Barrett Corp.
  4. News: Chakrabarty . Gargi . Oil runs in his blood: Bill Barrett builds his 4th exploration company . . April 2, 2005 . March 30, 2010 . https://web.archive.org/web/20110708001349/http://www.billbarrettcorp.com/rckymntnNEWS.html . July 8, 2011 . dead .
  5. Williams . Peggy . March 4, 2006 . Deep Utah Potential . Oil and Gas Investor . . 0744-5881 . February 12, 2009 . https://web.archive.org/web/20071013190913/http://www.billbarrettcorp.com/pdf/BESTDISCOVERY.pdf . October 13, 2007 . dead .
  6. Web site: Amendment No.2 to Form S-4. 2021-08-01. www.sec.gov.
  7. Web site: 2021-02-12. HighPoint Resources Corp Form 8-K. live. 2021-08-01. www.sec.gov. https://web.archive.org/web/20210801200926/https://www.sec.gov/ix?doc=/Archives/edgar/data/1725526/000119312521041800/d120470d8k.htm . 2021-08-01 .