Bill Barrett Prices $250MM Offering of Senior Notes

Bill Barrett has priced its $250 million aggregate principal amount of 9.875% Senior Notes due 2016. The notes were sold to the public at 95.172% of the face value to yield 10.875% to maturity. The offering size was increased from $200 million (as previously announced) to $250 million. The notes will be unsecured, unsubordinated obligations of the Company. Initially, all of the Company's subsidiaries will guarantee the notes.

Interest on the notes is payable January 15 and July 15 of each year. The first interest payment will be made on January 15, 2010, and will consist of interest from July 8, 2009 to that date. The notes will mature on July 15, 2016. The offering is expected to close on July 8, 2009, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility.

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