Bill Barrett Corporation BBG
provides a second update on its West Tavaputs natural gas program following
the compressor station fire announced on November 20, 2012. One of the injured
employees has been released from the hospital and the second injured employee
continues to receive treatment at the University of Utah Hospital Burn
Center.
As previously announced, the Dry Canyon compressor station suffered extensive
damage, and the facility is insured. The Company continues to produce
approximately 33 million cubic feet per day ("MMcf/d") net (49 MMcf/d gross)
of natural gas from the area and has initiated efforts to reroute natural gas
to its two other compressor stations in the area. A bypass pipeline to reroute
natural gas previously sent to the Dry Canyon compressor station to the
Company's Interplanetary compressor station is expected to be completed in
approximately two weeks, and repairs to a pipeline connection to its Sage
Brush compressor station are expected to be completed in approximately five
weeks. Incorporating the effect of anticipated changes in line pressures, the
Company expects to have 70%-80% of West Tavaputs natural gas production
on-line by early January. Fourth quarter production is expected to be reduced
by approximately 1.2 Bcf as a result of the reduced compression capacity.
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