Bill Barrett reports fire at West Tavaputs compressor station Bill Barrett Corporation reports that there was a fire at the Dry Canyon compressor station located in its West Tavaputs gas field in the Uinta Basin of northeast Utah. The fire appears to be isolated to the compressor station. Preliminary reports are that two employees of the company were injured in the fire and have been transported to University of Utah Hospital Burn Center. The condition of these employees is reported as being stable. Based on the company's initial assessment of the situation, it appears the Dry Canyon compressor station suffered extensive damage and gas production from the West Tavaputs field has been substantially shut-in. At the time of the incident, the company's net production from the West Tavaputs field was approximately 88M cubic feet of gas equivalent per day. Damage to the equipment at the compressor station is covered by the company's property damage insurance, subject to applicable deductibles.
Bill Barrett down over 18% after posting investor presentation Shares of independent energy company Bill Barrett are plunging after posting an updated investor presentation last night that included the following statement in its 2015 outlook: "Reviewing range of scenarios/rig activity at multiple commodity prices including a significantly lower capital expenditure program." Shares of Bill Barrett are down over 18% in afternoon trading to $8.87.