Bill Barrett closes non-core asset divestitures

Bill Barrett Corp. (NYSE: BBG) has closed its sales of non-core properties located in the Uinta Basin and Denver-Julesburg Basin, respectively, for net cash proceeds of approximately $56 million.

The sale of these properties did not result in a reduction of the company's borrowing base related to its revolving credit facility. The proceeds from these sales will be used for general corporate purposes. 

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