DENVER, March 19, 2018 /PRNewswire/ -- Bill Barrett
Corporation (the "Company") (NYSE: BBG) today announced that it has
completed its strategic combination with Fifth Creek Energy
Company, LLC. In conjunction with the closing, the Company
will change its name to HighPoint Resources Corporation and will
begin trading on the New York Stock Exchange under the new symbol
"HPR" on March 20,
2018.
Chief Executive Officer and President Scot Woodall commented, "We have undergone a
significant transformation over the past several years and are
positioned to embark on an exciting new era for the organization as
a premier, DJ Basin focused company. Our new name recognizes the
strategic direction of our company that is underpinned by high
quality oil assets and a returns focused capital program that
positions us for a period of significant growth in the coming
years."
Forward-Looking Statements
All statements in this press release, other than statements of
historical fact, are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Words such as expects, forecast,
guidance, anticipates, intends, plans, believes, seeks, estimates
and similar expressions or variations of such words are intended to
identify forward-looking statements herein; however, these are not
the exclusive means of identifying forward-looking statements.
Forward-looking statements in this release relate to, among other
things, preliminary estimates of fourth quarter commodity
derivative gains, commodity price differentials and outstanding
shares.
These and other forward-looking statements in this press release
are based on management's judgment as of the date of this release
and are subject to numerous risks and uncertainties. Please refer
to the Company's Annual Report on Form 10-K for the year ended
December 31, 2017 filed with the SEC
and other filings, including our Current Reports on Form 8-K and
Quarterly Reports on Form 10-Q, all of which are incorporated by
reference herein, for further discussion of risk factors that may
affect the forward-looking statements. Risks also include potential
differences between expected reported results and actual reported
results after the Company's financial statements and related
reviews are finalized. The Company encourages you to consider the
risks and uncertainties associated with projections and other
forward-looking statements and to not place undue reliance on any
such statements. In addition, the Company assumes no obligation to
publicly revise or update any forward-looking statements based on
future events or circumstances.
ABOUT HIGHPOINT RESOURCES CORPORATION
HighPoint Resources Corporation (NYSE: HPR) is a Denver, Colorado based exploration and
production company focused on the development of oil and natural
gas assets located in the Denver-Julesburg Basin of Colorado. Additional information about the
Company may be found on its website www.hpres.com.
View original content with
multimedia:http://www.prnewswire.com/news-releases/bill-barrett-corporation-completes-strategic-combination-with-fifth-creek-energy-and-announces-name-change-to-highpoint-resources-corporation-300616162.html
SOURCE Bill Barrett Corporation
