This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Bill Barrett Corporation Provides An Update Of Fire At West Tavaputs Compressor Station

Stocks in this article: BBG

DENVER, Nov. 21, 2012   /PRNewswire/ -- Bill Barrett Corporation (NYSE: BBG) provides an update on the fire at its Dry Canyon compressor station located in its West Tavaputs gas field in the Uinta Basin of northeast Utah.  The fire has been extinguished and damage was limited to the compressor station site. The Company confirms that two employees of the Company were injured in the fire and are currently receiving treatment at the University of Utah Hospital Burn Center.  No additional information is available on the condition of these employees at this time.

Chairman, CEO and President Fred Barrett comments:  "This is a very difficult time for all of us at Bill Barrett Corporation.  Our thoughts and prayers are with our injured colleagues for their speedy and complete recovery from the injuries suffered from the fire."

The State of Utah Fire Marshall and Utah OSHA began their investigations this morning.  The cause of the fire has not been determined at this time.  The Company will work with authorities to determine a cause as soon as possible.  There does not appear to have been any discharge of hazardous materials beyond the compressor site as a result of the fire. 

The Company operates three compressor stations at West Tavaputs having total gross capacity of 215 million cubic feet per day ("MMcf/d"). The Dry Canyon compressor station suffered extensive damage and will require significant repairs to return to operations.  The Sage Brush and Interplanetary compressor stations were undamaged with the Interplanetary station (100 MMcf/d gross capacity) continuing to operate and the Sage Brush station (35 MMcf/d gross capacity) currently shut down as the Company evaluates the time necessary to repair a connecting pipeline in the area of the fire. Natural gas production from the Prickly Pear area on the west side of the field has not been affected and is currently producing approximately 32.5 MMcf/d net and 48.9 MMcf/d gross while natural gas production from the Peter's Point area  will remain shut-in until natural gas can be rerouted. The timing of rerouting a portion of the Peter's Point production is not yet determined; however, the Company believes that once it is able to obtain the necessary parts and commence work that the pipeline can be repaired within several days. West Tavaputs current production, prior to the fire, was approximately 84 MMcf/d net (corrected from 88 MMcf/d reported yesterday) and 104 MMcf/d gross.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs