Bill Barrett Corp. (BBG)

Bill Barrett Corporation, an independent oil and gas company, engages in the exploration, development, and production of natural gas and crude oil in the rocky mountain region of the United States. The company’s areas of operation includes Uinta Basin in northeastern Utah; Piceance Basin in northwestern Colorado; Powder River Basin in northeastern Wyoming; Wind River Basin in central Wyoming; Paradox Basin in southwestern Colorado and southeastern Utah; Montana Overthrust in southwestern Montana; and Big Horn Basin in north central Wyoming. It transports natural gas and oil through the company’s and third party gathering systems and pipelines. Bill Barrett Corporation was founded in 2002 and is headquartered in Denver, Colorado.

For the six months ended 30 June 2006, Bill Barrett Corporation's revenues increased 70% to $180.4M. Net income totaled from $30.3M vs. a loss of $12.8M. Revenues reflect increased oil and gas production and higher oil and natural gas prices. Net income reflects improved gross margins, decline in impairment, dry hole costs & abandonment expenses and an increase in income from interest and other sources.