|Bill Barrett Corporation Provides Commodity Price and Derivatives Update and Schedules First Quarter 2017 Financial Results Conference Call|
COMMODITY PRICE AND DERIVATIVES UPDATE
For the first quarter of 2017, West Texas Intermediate ("WTI") oil prices averaged
Based on preliminary unaudited results, the Company expects to realize a cash commodity derivative gain of
The following table summarizes the Company's hedge position for 2017 and 2018 as of
Realized sales prices will reflect basis differentials from the index prices to the sales location.
WEIGHTED AVERAGE SHARES OUTSTANDING
The Company estimates that the weighted average common basic and diluted shares for the first quarter will be approximately 74.5 million.
FIRST QUARTER 2017 EARNINGS CONFERENCE CALL
The Company plans to issue its first quarter 2017 financial and operating results press release after the market close on
All statements in this press release, other than statements of historical fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words such as expects, forecast, guidance, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements herein; however, these are not the exclusive means of identifying forward-looking statements. Forward-looking statements in this release relate to, among other things, first quarter commodity derivative gains, commodity price differentials, number of shares outstanding, future financial performance and business expectations.
These and other forward-looking statements in this press release are based on management's judgment as of the date of this release and are subject to numerous risks and uncertainties. Please refer to the Company's Annual Report on Form 10-K for the year ended
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Larry C. Busnardo, Senior Director, Investor Relations, 303-312-8514