|Bill Barrett Corporation Provides Commodity Price and Derivatives Update and Schedules Fourth Quarter 2017 and Year-End 2017 Financial Results Conference Call|
For the fourth 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 as of
Realized sales prices will reflect basis differentials from the index prices to the sales location.
The Company estimates that the weighted average common basic and diluted shares for the fourth quarter will be approximately 83.1 million. At
The Company plans to issue its fourth 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, preliminary estimates of fourth quarter commodity derivative gains, commodity price differentials and outstanding shares.
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, Vice President, Investor Relations, 303-312-8514
Vice President, Investor Relations