Gothic Shale: New Natural Gas Discovery - Bill Barrett Corp

Bill Barrett Corporation ( BBC ) announced this week a successful new shale discovery in Southestern Colorado in the Yellow Jacket Prosepect area. This shale formation is located near the Green River Formation


A significant shale gas discovery at the Yellow Jacket prospect in the Paradox Basin in southwest Colorado

Our Company is very excited about the initial results from the first two horizontal Gothic shale gas wells at the Yellow Jacket prospect in southwest Colorado. The Koskie well produced for 17 days, averaging 4.5 million cubic feet per day (MMcf/d) of natural gas over the final ten days and completed the testing period at a rate of 5.7 MMcf/d. The second horizontal well, the Neely well located 14 miles north of the Koskie discovery, is currently testing early in the flowback stage at 3.1 MMcf/d natural gas. Due to the encouraging results from the wells drilled to date, in 2009 we will operate a continuous program to evaluate the area and will begin construction of infrastructure. This is a widespread but shallow (5,500 to 6,500 feet) resource play where the Company has built a 397,000 gross acre position over the past four years.

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