Enterpuener company Essay Example | Topics and Well Written Essays - 1250 words

Enterpuener company - Essay Example This is one of the rare companies, which have had the courage to explore the virgin territory of natural gas in the Rocky Mountains. Mr. Barett decided to meet me in an old coffee shop at the corner of the road and allotted me an hour to complete my task. 2) The company operates in the Rocky Mountains, one of the most endowed places in the U.S., which abounds in natural gas. The company did not restrict itself only in the field of natural gas and has ventured into refining oil too. Two reasons had resulted in success of the company: Firstly, strategic location of the points, where it had set up its drilling inventory, has been propelling growth. The company strongly believes that these points have huge reserves and will result in generation of revenues. Bill Barrett Corporation has spread its operation over five major basins of Rocky and Mr. Barrett proudly informs that the company has proved its mettle and emerged as a dominant player in most areas it operates in and is also the largest, in terms of coverage area, he added. The company is particularly interesting because it maintains a strong balance between developmental and exploration projects. 3) Mr. Barrett informed that when the company was first set up, the main objective of was to establish it as an exploration company in a true sense, so as to tap natural resources of the Rocky and emerge as one of the dominant players among the Rockies E&P company. After more than ten years of operation, the company has gone from strength to strength to establish itself as one of the most significant players in its genre. The claims made by Mr. Barett are backed by the current evidences, like, proved reserves of 197 MMBoe, including 88% growths in proved reserves at three active oil programs. The financial performance of the company is quite robust as the figures indicate. For instance, total debt of the company has reduced by $189 million from 2012, in 2013