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Barrett Resources history
Barrett Resources company history timeline
Bill Barrett retired in July 1997, but less than a year later, as an energy recession began to take hold, he returned as chief executive officer to lead the company, which he feared had begun to drift off course during the short time he was absent.
The company he built now became a takeover target for a major oil company, Royal Dutch/Shell Group, which in March 2001 made an unsolicited bid of $1.8 billion.
In October 2001, Fred and Terry Barrett, both trained geologists, approached their 73-year-old father and urged him to join them, along with a number of like-minded Barrett Resources employees, to launch a new Barrett energy company based in Denver.
In March 2002 the company paid $73 million for gas properties in Wyoming's Wind River Basin.
Another important factor in the company's ability to raise money was fortuitous timing: In the early months of 2002, gas prices began increasing steadily and there was a perception in the marketplace that gas prices would continue to climb.
2002: Bill Barrett and sons start Bill Barrett Corporation.
Barrett closed 2002 with the $62 million purchase of properties in Wyoming's Powder River Basin, the Cooper Reservoir field, and oil properties in the Williston Basin of North Dakota. As a result, at the end of 2002 Barrett owned 119 billion cubic feet equivalent (Bcfe) of natural gas and crude oil and liquid gas.
In 2003, Mark Jacobs was named dean, ushering in an era that would bring not only new leadership, but new and unprecedented growth.
Incorporated, Petrie Parkman & Co., Inc., and First Albany Capital Inc., the IPO was conducted in December 2004.
While it devoted much of 2004 preparing for its IPO, Barrett continued to grow its portfolio of oil and gas properties.
In 2009, Barrett opened the nation’s only four-year residential campus for honors students on nine acres at the southeast corner of ASU’s Tempe campus.
In 2017, ASU was one of only four universities in the United States to graduate a Churchill, a Marshall, and a Rhodes scholar in the same year, and they all were Barrett students.
Barrett Polytechnic students live in Lantana Hall, which opened in fall 2020.
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Zippia gives an in-depth look into the details of Barrett Resources, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Barrett Resources. The employee data is based on information from people who have self-reported their past or current employments at Barrett Resources. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Barrett Resources. The data presented on this page does not represent the view of Barrett Resources and its employees or that of Zippia.
Barrett Resources may also be known as or be related to Barrett Resources and Barrett Resources Corp.