UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 24, 2014
Bill Barrett Corporation
(Exact name of registrant as specified in its charter)
Delaware | 001-32367 | 80-0000545 | ||
(State or other jurisdiction of incorporation) |
(Commission File No.) |
(IRS Employer Identification No.) | ||
1099 18th Street, Suite 2300 Denver, Colorado |
80202 | |||
(Address of principal executive office) | (Zip Code) |
(303) 293-9100
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. | Regulation FD Disclosure |
On November 24, 2014, Bill Barrett Corporation issued a press release announcing that it has entered into a settlement agreement with the U.S. Department of the Interior, certain conservation organizations and several industry parties relating to its Cottonwood Gulch natural gas property located on the Roan Plateau of Northwest Colorado. The press release is attached as Exhibit 99 to this Current Report.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item shall not be deemed filed for the purpose of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing.
Item 9.01. | Financial Statements and Exhibits |
(d) | Exhibits |
Exhibit Number |
Description of Exhibit | |
99 | Press Release, dated November 24, 2014. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 25, 2014 | BILL BARRETT CORPORATION | |||||
By: | /s/ Kenneth A. Wonstolen | |||||
Kenneth A. Wonstolen | ||||||
Senior Vice President General Counsel; and Secretary |
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EXHIBIT INDEX
Exhibit Number |
Description of Exhibit | |
99 | Press Release, dated November 24, 2014. |
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Exhibit 99
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Press Release |
For immediate release
Company contact: Jennifer Martin, Vice President of Investor Relations, 303-312-8155
Bill Barrett Corporation Announces Successful Settlement on Cottonwood Gulch Asset
$42.3 Million Refund to Company
4,650 Prospective Acres Retained
DENVER November 24, 2014 - Bill Barrett Corporation (the Company) (NYSE: BBG) announced today that the Company entered into a settlement agreement with the Department of Interior and certain conservation organizations regarding its Cottonwood Gulch natural gas asset located on the Roan Plateau of Northwest Colorado. Under the settlement, the Department of Interior cancels approximately 36,000 gross acres of the 40,650 gross acres under lease and Bill Barrett Corporation receives a lease bonus refund of $42.3 million net to the Company. The funds are expected to be received in the first quarter of 2015. The Company will retain a 90% interest in 4,650 gross acres, which it considers the most prospective leasehold acreage as it immediately offsets existing production and infrastructure. The settlement accelerates the timetable for future access to this and other third party acreage at the base of the plateau and reduces the potential for future environmental challenges to development of potentially significant natural gas reserves.
Chief Executive Officer and President Scot Woodall commented: This settlement favorably concludes a long litigation process. The refund of what would otherwise be idle investment capital further strengthens the Companys balance sheet as we shift our focus to our two key oil programs.
ABOUT BILL BARRETT CORPORATION
Bill Barrett Corporation (NYSE: BBG), headquartered in Denver, Colorado, develops oil and natural gas in the Rocky Mountain region of the United States. Additional information about the Company may be found on its website www.billbarrettcorp.com.