Bill Barrett Offers Update on Commodity Price, Derivative Info

Bill Barrett Corporation (the "Company") BBG announced today that it is providing an update on certain second quarter 2015 commodity price data. For the second quarter of 2015, West Texas Intermediate ("WTI") oil prices averaged $57.94 per barrel, Northwest Pipeline ("NWPL") natural gas prices averaged $2.38 per MMBtu and NYMEX natural gas prices averaged $2.65 per MMBtu. The Company had derivative commodity swaps in place for the second quarter of 2015 for 11,300 barrels of oil per day tied to WTI pricing at $90.39 per barrel, 20,000 MMBtu of natural gas per day tied to NWPL regional pricing at $4.13 per MMBtu and no hedges in place for natural gas liquids ("NGLs"). Based on preliminary results, the Company expects to realize a cash commodity derivative gain of approximately $36.5 million in the second quarter due to positive derivative positions and estimates that it will record approximately $64.2 million in non-cash, unrealized commodity derivative loss. The Company expects its second quarter commodity price differentials to benchmark pricing before commodity derivative gains, related to delivery location and quality adjustments, to approximate: oil less $9.26 price per barrel versus WTI; and natural gas less $0.05 price per thousand cubic feet versus NWPL. NGL sales are expected to average 22% of WTI price per barrel.