IPO Profile

Bill Barrett Corp.
1099 18th Street, Suite 2300, Denver, Colorado 80202,
Tel: 303-293-9100.
Web:
Ticker: BBG
Amount Raised: $325,000,000.00

Description:
We began operations in March 2002. All eleven of our corporate officers worked together for many years with Barrett Resources Corporation, a publicly-traded Rocky Mountain oil and gas company that was founded in 1980 and sold in 2001 in a transaction valued at approximately $2.8 billion. Since our inception, we have assembled an extensive property base in the six key basins in which we operate, and we have invested in several advanced technologies. We apply these technologies to both conventional and unconventional Rocky Mountain plays, including basin-centered gas, tight gas sands, structural and stratigraphic oil and natural gas, coalbed methane, biogenic gas and fractured shale gas plays. Our development drilling programs in the Wind River, Uinta, Powder River and Williston Basins are generating growth in our production and proved reserves. In these basins and in the DJ and Paradox Basins, we hold over 650,000 net undeveloped leasehold acres and are currently active in 17 exploration projects that we believe have significant resource potential. We have budgeted approximately $195 million in 2004 to drill 327 gross wells across our exploration and development projects, and to pursue other exploration activities and infrastructure projects. From inception through December 31, 2003, we participated in drilling 187 gross wells, of which 98% have been completed as producing wells or are in the process of being completed. In December 2003, we produced 71.7 MMcfe/d, net to our interest, of which approximately 90% was natural gas. This level of production represents a 144% increase from our production in December 2002. We operated approximately 87% of our December 2003 production. As of December 31, 2003, our estimated net proved reserves were 204 Bcfe, representing a 71% increase over our estimated net proved reserves at December 31, 2002. Approximately 89% of our December 31, 2003 estimated net proved reserve base was natural gas.