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Abstract
In an interview, Fredrick J Barrett, COO of Bill Barrett Corp, discussed the strategy that drives the company. Barrett said that the strategy is to assemble, evaluate and develop high-quality oil and gas projects in the Rockies, which, in turn, generate sustainable long-term growth. The objective is to apply the experience base and emerging technologies to exploit as much of those reserves as they can. There are five development programs that they are currently exploiting. He also added that they are currently using a $45 WTI oil deck and a $5.25 CIG gas deck, which is approximately equivalent to a $6 Henry Hub price. The current budget for 2005 is $305 million compared to a 2004 budget of approximately $204 million. During 2005, they are planning to drill 333 development wells, of which 218 are coalbed methane wells in the Powder River Basin and some 15 exploration wells.