Denver-based Bill Barrett Corp. closed the sale of noncore assets in the Uinta Basin for net cash proceeds of about $30 million, subject to post-closing adjustments. The sale of the properties did not result in a reduction of the borrowing base related to the revolving credit facility, the company said. The proceeds will support general corporate purposes and liquidity. Wells Fargo Securities LLC was Bill Barrett Corp.’s adviser.
Recommended Reading
Curtiss-Wright to Deploy Subsea System at Petrobras' Campos Field
2024-02-12 - Curtiss-Wright and Petrobras will combine capabilities to deploy a subsea canned motor boosting system at a Petrobras production field in the Campos Basin.
TGS Commences Multiclient 3D Seismic Project Offshore Malaysia
2024-04-03 - TGS said the Ramform Sovereign survey vessel was dispatched to the Penyu Basin in March.
Axis Energy Deploys Fully Electric Well Service Rig
2024-03-13 - Axis Energy Services’ EPIC RIG has the ability to run on grid power for reduced emissions and increased fuel flexibility.
Fracturing’s Geometry Test
2024-02-12 - During SPE’s Hydraulic Fracturing Technical Conference, industry experts looked for answers to their biggest test – fracture geometry.
Haynesville’s Harsh Drilling Conditions Forge Tougher Tech
2024-04-10 - The Haynesville Shale’s high temperatures and tough rock have caused drillers to evolve, advancing technology that benefits the rest of the industry, experts said.