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Bill Barrett Corporation Announces Closing of Non-Core Asset Divestitures


Bill Barrett Corporation (the "Company") (NYSE: BBG) today announced that it has closed the previously announced sales of non-core properties located in the Uinta Basin and DJ Basin, respectively, for net cash proceeds of approximately $56 million, subject to customary post-closing purchase price adjustments. The sale of these properties did not result in a reduction of the Company's borrowing base related to its revolving credit facility. The proceeds from these sales will be used for general corporate purposes.

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