More shale production expected from Colorado

7 Sep 2017   Shale Oil

Bill Barrett Corp., which has a core focus in U.S. shale oil basins, said production for the year could be higher than expected because of Colorado’s success. Bill Barrett said it was updating its guidance on 2017 production figures following positive results from a nine-well drilling program in Colorado. “We remain encouraged by the early results of our enhanced completions in the Denver-Julesburg basin, which combined with faster drilling and completion cycle time allows us to deliver a higher growth profile,” President and CEO Scot Woodall said in a statement . The company said it expected to produce between 6.4 million and 6.6 million barrels of oil equivalent this year, a 4 percent increase from its previous estimate and […]

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