Market Overview

Bill Barrett Corporation Reports Fire at West Tavaputs Compressor Station in Utah

Bill Barrett Corporation (NYSE: BBG) reports today that there was a fire at the Dry Canyon compressor station located in its West Tavaputs gas field in the Uinta Basin of northeast Utah.  The compressor station is located approximately 30 miles northeast of Price, Utah.  The fire appears to be isolated to the compressor station.  Preliminary reports are that two employees of the Company were injured in the fire and have been transported to University of Utah Hospital Burn Center.  The condition of these employees is reported as being stable.  The Bureau of Land Management ("BLM") has been notified and has representatives on location.  Local fire departments have responded to the location and the fire is under control.

Based on the Company's initial assessment of the situation, it appears the Dry Canyon compressor station suffered extensive damage and gas production from the West Tavaputs field has been substantially shut-in.  At the time of the incident, the Company's net production from the West Tavaputs field was approximately 88 million cubic feet of gas equivalent per day.  The Company expects to transport a majority of its gas production through its other facilities in the area.  Damage to the

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Posted-In: News Guidance Management

 

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