“The second quarter was again challenging due to low commodity prices,” CEO Fred Barrett said in a statement.
Operating and other revenue in the second quarter fell 19 percent to $160.3 million.
The company’s drilling activity includes three rigs in the Denver-Julesburg Basin’s Niobrara formation. The company produced about 1,350 barrels of oil-equivalent per day in the D.J. Basin in Colorado and Wyoming.
Bill Barrett shares, trading around $19 Thursday, have lost more than half of their value in the past year.