Bill Barrett Corp. provided production and capital expenditure guidance for the year 2013. For the period, the company expects capital expenditure range of $475 to $525 million and a production range of 83 to 87 billion cubic feet equivalent, which is expected to be nearly 30% oil.

The plan is expected to generate approximately 55% growth in oil production in 2013 versus 2012 adjusting for the impact of lower oil production from the Piceance Basin following the sale of a working interest in the property that closed in the fourth quarter of 2012. This operating plan includes drilling approximately 150 gross operated wells with four active rigs for the full-year in the Uinta Oil Program, two active rigs for the full-year in the DJ Program and at least five low-risk development wells in the Powder River Basin Deep Oil Project. The company's 2013 plan reduces capital expenditures by more than $400 million from 2012 and will be focused on development drilling in the Uinta Oil Program and DJ Basin Oil Program.

Based on three stream reporting, the production range is estimated at 86 to 90 Bcfe. NGLs are expected to be 6% of total production volumes.