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Bill Barrett Corp. rebrands to HighPoint Resources Corp.

By Jensen Werley

DENVER — Bill Barrett Corp. (NYSE: BBG) has completed its $649 million merger with Fifth Creek Energy Co. LLC and is renaming to HighPoint Resources Corp. The company will be traded on the New York Stock Exchange with a new ticker symbol, HPR. The deal was finalized in March. “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,” Scot Woodall, president and chief executive, said in a prepared statement. “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.” HighPoint Resources is based in Denver and focuses on the development of oil and natural gas assets in the Denver-Julesberg Basin of Colorado.

The post Bill Barrett Corp. rebrands to HighPoint Resources Corp. appeared first on BizWest.

Source:: BizWest

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