Bill Barrett, Fifth Creek to merge into DJ basin-focused E&P

Bill Barrett Corp., Denver, and Fifth Creek Energy Co. LLC, Denver, have agreed to merge in a deal valued at $649 million creating an oil- and natural gas liquids-weighted firm with a combined 151,100 net acres focused on rural areas in the Denver-Julesburg basin. The deal includes shares plus the assumption of as much as $54 million of debt.

Shares