Barrett Comments on Extension of Shell Tender Offer

Apr 20, 2001, 01:00 ET from Barrett Resources Corporation

    DENVER, April 20 /PRNewswire Interactive News Release/ -- Barrett
 Resources Corporation (NYSE:   BRR) today commented on Shell Oil Company's
 extension of its tender offer for all outstanding shares of Barrett.
     Noting that, on March 8, 2001, the Barrett Board announced it was taking
 all necessary steps to maximize shareholder value by seeking proposals from
 qualified parties to attain a full appreciation of Barrett's assets, Peter A.
 Dea, Chairman and Chief Executive Officer of Barrett said, "We are very
 pleased with our process and it is proceeding expeditiously."
     Commenting on Shell's tender extension, Dea said, "We continue to urge
 shareholders not to tender into the Shell offer or grant any written consents
 they may seek."
 
     Barrett Resources is a Denver-based independent natural gas and oil
 exploration and production company that is also involved in gas gathering,
 marketing and trading activities.  Barrett's properties are focused primarily
 in the Rocky Mountain region of Colorado, Wyoming and Utah, the Mid-Continent
 area of Kansas, and Oklahoma and the Gulf of Mexico region of offshore Texas
 and Louisiana.  For additional information about Barrett, please visit our Web
 site at www.brr.com.
 
     Forward-Looking Statements
     This press release may contain projections and other forward-looking
 statements within the meaning of Section 21E of the Securities Exchange Act of
 1934, as amended.  Such projections or statements include the Company's
 current views with respect to future events, financial performance, Board
 decisions with respect to modifying the process described herein, and
 expectations of responses by potential qualified parties.  No assurances can
 be given, however, that these events will occur or that such projections will
 be achieved and actual results could differ materially from those projected.
 A discussion of important factors that could cause actual results to differ
 materially from those projected is included in the Company's periodic reports
 filed with the Securities and Exchange Commission.
 
     IN RESPONSE TO THE TENDER OFFER COMMENCED BY SHELL OIL COMPANY THROUGH ITS
 INDIRECT WHOLLY OWNED SUBSIDIARY SRM ACQUISITION COMPANY ON MARCH 12, 2001,
 BARRETT RE

SOURCES CORPORATION HAS FILED WITH THE SEC ITS RECOMMENDATION TO STOCKHOLDERS REGARDING THE TENDER OFFER. IN RESPONSE TO ANY CONSENT SOLICITATION THAT MAY BE COMMENCED BY SHELL AND SRM ACQUISITION, BARRETT WOULD FILE WITH THE SEC ANY CONSENT REVOCATION STATEMENT AND ANY OTHER SOLICITATION MATERIALS THAT MAY BE PREPARED BY BARRETT IN RESPONSE TO SHELL'S CONSENT SOLICITATION. BARRETT HAS FILED WITH THE SEC A PRELIMINARY CONSENT REVOCATION STATEMENT AND OTHER SOLICITATION MATERIALS IN RESPONSE TO A PRELIMINARY CONSENT SOLICITATION STATEMENT FILED BY SHELL WITH THE SEC. INVESTORS ARE STRONGLY ADVISED TO READ ANY DEFINITIVE CONSENT REVOCATION STATEMENT, IF AND WHEN IT IS FILED AND BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. ANY DEFINITIVE CONSENT REVOCATION STATEMENT WOULD BE FILED BY BARRETT WITH THE SEC. STOCKHOLDERS AND INVESTORS WILL BE ABLE TO OBTAIN A FREE COPY OF ANY DEFINITIVE CONSENT REVOCATION STATEMENT (IF AND WHEN FILED AND AVAILABLE) AND OTHER RELEVANT DOCUMENTS ON THE SEC'S WEB SITE AT WWW.SEC.GOV. ANY DEFINITIVE CONSENT REVOCATION STATEMENT AND RELATED MATERIALS MAY ALSO BE OBTAINED FOR FREE BY DIRECTING A REQUEST TO BARRETT RE

SOURCES CORPORATION-- INVESTOR RELATIONS AT (303) 572-3900. CERTAIN INFORMATION REGARDING PERSONS WHO MAY BE DEEMED TO BE PARTICIPANTS IN ADDITION, THE IDENTITY OF PEOPLE WHO, UNDER SEC RULES, MAY BE CONSIDERED PARTICIPANTS IN THE SOLICITATION OF CONSENT REVOCATIONS FROM BARRETT STOCKHOLDERS AND SUCH PERSONS' HOLDINGS OF BARRETT COMMON STOCK ARE CONTAINED IN BARRETT'S PRELIMINARY CONSENT REVOCATION STATEMENT FILED WITH THE SEC UNDER REGULATION 14A. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X65219204

SOURCE Barrett Resources Corporation
    DENVER, April 20 /PRNewswire Interactive News Release/ -- Barrett
 Resources Corporation (NYSE:   BRR) today commented on Shell Oil Company's
 extension of its tender offer for all outstanding shares of Barrett.
     Noting that, on March 8, 2001, the Barrett Board announced it was taking
 all necessary steps to maximize shareholder value by seeking proposals from
 qualified parties to attain a full appreciation of Barrett's assets, Peter A.
 Dea, Chairman and Chief Executive Officer of Barrett said, "We are very
 pleased with our process and it is proceeding expeditiously."
     Commenting on Shell's tender extension, Dea said, "We continue to urge
 shareholders not to tender into the Shell offer or grant any written consents
 they may seek."
 
     Barrett Resources is a Denver-based independent natural gas and oil
 exploration and production company that is also involved in gas gathering,
 marketing and trading activities.  Barrett's properties are focused primarily
 in the Rocky Mountain region of Colorado, Wyoming and Utah, the Mid-Continent
 area of Kansas, and Oklahoma and the Gulf of Mexico region of offshore Texas
 and Louisiana.  For additional information about Barrett, please visit our Web
 site at www.brr.com.
 
     Forward-Looking Statements
     This press release may contain projections and other forward-looking
 statements within the meaning of Section 21E of the Securities Exchange Act of
 1934, as amended.  Such projections or statements include the Company's
 current views with respect to future events, financial performance, Board
 decisions with respect to modifying the process described herein, and
 expectations of responses by potential qualified parties.  No assurances can
 be given, however, that these events will occur or that such projections will
 be achieved and actual results could differ materially from those projected.
 A discussion of important factors that could cause actual results to differ
 materially from those projected is included in the Company's periodic reports
 filed with the Securities and Exchange Commission.
 
     IN RESPONSE TO THE TENDER OFFER COMMENCED BY SHELL OIL COMPANY THROUGH ITS
 INDIRECT WHOLLY OWNED SUBSIDIARY SRM ACQUISITION COMPANY ON MARCH 12, 2001,
 BARRETT RESOURCES CORPORATION HAS FILED WITH THE SEC ITS RECOMMENDATION TO
 STOCKHOLDERS REGARDING THE TENDER OFFER.
     IN RESPONSE TO ANY CONSENT SOLICITATION THAT MAY BE COMMENCED BY SHELL AND
 SRM ACQUISITION, BARRETT WOULD FILE WITH THE SEC ANY CONSENT REVOCATION
 STATEMENT AND ANY OTHER SOLICITATION MATERIALS THAT MAY BE PREPARED BY BARRETT
 IN RESPONSE TO SHELL'S CONSENT SOLICITATION.  BARRETT HAS FILED WITH THE SEC A
 PRELIMINARY CONSENT REVOCATION STATEMENT AND OTHER SOLICITATION MATERIALS IN
 RESPONSE TO A PRELIMINARY CONSENT SOLICITATION STATEMENT FILED BY SHELL WITH
 THE SEC.  INVESTORS ARE STRONGLY ADVISED TO READ ANY DEFINITIVE CONSENT
 REVOCATION STATEMENT, IF AND WHEN IT IS FILED AND BECOMES AVAILABLE, BECAUSE
 IT WILL CONTAIN IMPORTANT INFORMATION.  ANY DEFINITIVE CONSENT REVOCATION
 STATEMENT WOULD BE FILED BY BARRETT WITH THE SEC.
     STOCKHOLDERS AND INVESTORS WILL BE ABLE TO OBTAIN A FREE COPY OF ANY
 DEFINITIVE CONSENT REVOCATION STATEMENT (IF AND WHEN FILED AND AVAILABLE) AND
 OTHER RELEVANT DOCUMENTS ON THE SEC'S WEB SITE AT WWW.SEC.GOV. ANY DEFINITIVE
 CONSENT REVOCATION STATEMENT AND RELATED MATERIALS MAY ALSO BE OBTAINED FOR
 FREE BY DIRECTING A REQUEST TO BARRETT RESOURCES CORPORATION-- INVESTOR
 RELATIONS AT (303) 572-3900.
 
                     CERTAIN INFORMATION REGARDING PERSONS
                      WHO MAY BE DEEMED TO BE PARTICIPANTS
 
     IN ADDITION, THE IDENTITY OF PEOPLE WHO, UNDER SEC RULES, MAY BE
 CONSIDERED PARTICIPANTS IN THE SOLICITATION OF CONSENT REVOCATIONS FROM
 BARRETT STOCKHOLDERS AND SUCH PERSONS' HOLDINGS OF BARRETT COMMON STOCK ARE
 CONTAINED IN BARRETT'S PRELIMINARY CONSENT REVOCATION STATEMENT FILED WITH THE
 SEC UNDER REGULATION 14A.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X65219204
 
 SOURCE  Barrett Resources Corporation

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