"I am proud that Fred will continue to lead the Company that we founded together in early 2002. He created our successful business plan for Rocky Mountain exploration and development activities and assembled an experienced team to execute this plan," said Bill Barrett. "His strategic vision, leadership, technical expertise, and Rocky Mountain exploration experience make him the ideal leader to guide this Company to the next level."

Fred Barrett commented, "Over the past four years, we have built our Company for future production and reserve growth. Our experienced geotechnical teams have built a portfolio of projects with balanced development and exploration potential. Our vision is to be the industry leader in growing natural gas and oil assets in the Rockies. I look forward to leading the Company and continuing the momentum we have established. While we will certainly miss Bill's leadership, we are thankful for all he has done to guide us to our current position."

"We are pleased to have selected Fred to lead the Company," stated Jeffrey A. Harris, Chairman of the Nominating and Corporate Governance Committee of the Board of Directors. "We have observed Fred's performance since the formation of the Company, and we have great admiration for what he has accomplished by building our high-quality asset base."

About Bill Barrett Corporation

Bill Barrett Corporation, headquartered in Denver, explores for and develops oil and natural gas in nine basins and the overthrust belt in the Rocky Mountain region of the United States. Additional information about the Company may be found on its web site www.billbarrettcorp.com.