Rig Count | Forecast - Production | Capital Markets | Capital Expenditure | Capex Decrease | Capital Expenditure - 2017 | Drilling Contractor
Bill Barrett Ups 2017 Production Guidance on Strong Wells; Lowers Capex
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Bill Barrett has updated its 2017 production guidance and capex.
- Raised its 2017 production guidance range from 6.0-6.5 MMBOE to 6.4-6.6 MMBOE (represents a 4% increase at the mid-point)
- The guidance was raised due to the company's enhanced DJ Basin completions as well as strong results from its 9 well recompletion program in the Uinta Basin
- Decreased Capex: 2017 spending will total $250-$270 million, down ~4% from an earlier estimate of $255-$285 million.
The Company is currently operating two drilling rigs in the DJ Basin and expects to continue to do so for the remainder of 2017.
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