Bill Barrett announced that it had entered into multiple transactions valued at US$757 million, including an agreement to sell the majority of its interests in the Powder River Basin and its remaining interests in the Piceance Basin. One of the transactions was a swap deal (Powder River Basin assets for additional Denver Julesburg Basin acreage).The largest counterparty to the multiple deals is MLP Vanguard Natural Resources, which purchased approximately US$525 million worth of assets.
Bill Barrett agrees to a strategic combination with Fifth Creek Energy in a US$649 million transaction.
A detailed analysis of the Piceance Niobrara shale gas unconventional play.