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Berry Corp.

About

Berry is a publicly traded (NASDAQ: BRY) western U.S. independent upstream energy company with a focus on the conventional, long-lived oil reserves in the San Joaquin basin of California. The company changed its name from Berry Petroleum in February 2020.

Editor's note: Updated Aug. 21, 2020.

Transactions

Report Date Amount (MM) Description
2024-03-06 --

Berry Corp. Acquires Macpherson Energy Corp.

Berry Corp. Acquires Macpherson Energy Corp.

Report Date Amount (MM) Description
2021-09-16 $43.00

Berry to Acquire Basic Energy Services’ California Business in Bankruptcy Auction

Berry to Acquire Basic Energy Services’ California Business in Bankruptcy Auction

Report Date Amount (MM) Description
2018-12-03 $6.70

Berry Petroleum Exits East Texas To Focus On California Black Oil

Berry Petroleum Exits East Texas To Focus On California Black Oil

2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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New Financings

Report Date Type Amount (MM) Description
2022-05-12 Berry Corp. Buyback $22.80

Purchased 2 million shares of its common stock representing 2.5% of outstanding shares and leaving over $…

Report Date Type Amount (MM) Description
2021-08-26 Berry Corp. Debt $200.00

Entered into a credit agreement for a new reserve-based lending facility with a borrowing base of $500…

Report Date Type Amount (MM) Description
2018-12-13 Berry Petroleum Corp. Buyback $100.00

Berry Petroleum Corp. announced today that its board of directors has adopted a program for the…

2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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News

Berry ‘Excited’ for Uinta’s Resource Potential from Horizontal Drilling

Berry Corp. is excited for the untapped resource potential from the Uinta Basin as it dives deeper into horizontal drilling in the basin, CEO Fernando Araujo tells Hart Energy’s Nissa Darbonne.

Berry Comfortable in California with Expansion Plans in Uinta Basin

Berry Corp. has a reliable position in California’s San Joaquin Basin as it begins the second phase of a drilling program in Utah.

Berry Corp. Ups Hedge Book During Oil Market Volatility

California and Uinta producer Berry Corp. announced steps to strengthen its hedge book and liquidity during a period of market volatility.

Early Innings: Uinta’s Oily Stacked Pay Exploration Only Just Starting

Operators are testing horizontal wells in less developed Uinta Basin zones, including the Douglas Creek, Castle Peak, Wasatch and deeper benches.

Berry Announces Jeff Magids as New CFO

Jeff Magids was appointed as Berry Corp.’s new CFO on Jan. 21 in replacement of Mike Helm, effective immediately.

Shale Outlook Uinta: Horizontal Boom to Continue in 2025

After two large-scale transactions by SM Energy and Ovintiv, the Uinta Basin is ready for development—and stacked pay exploration.

Berry Closes Debt Refinancing to Uphold Growth Commitments

Berry Corp. closed a debt refinancing agreement to continue its corporate strategy of promoting scale and diversification.

CEO: Berry Gears Up for Horizontal Drilling in Uinta Stacked Pay

Berry Corp.’s legacy roots are in California’s Central Valley—but its growth engine is in Utah’s emerging Uinta Basin, CEO Fernando Araujo told Hart Energy.

Anschutz Explores Utah Mancos Shale Near Red-Hot Uinta Basin

Outside of the Uinta Basin’s core oil play, private E&P Anschutz Exploration is wildcatting in Utah’s deeper, liquids-rich Mancos shale bench, according to a Hart Energy analysis.

Now, the Uinta: Drillers are Taking Utah’s Oily Stacked Pay Horizontal, at Last

Recently unconstrained by new rail capacity, operators are now putting laterals into the oily, western side of this long-producing basin that comes with little associated gas and little water, making it compete with the Permian Basin.

CEO: Berry Seeks Horizontal Drilling Opportunities in Uinta Basin

Berry Corp., which has a large footprint in California’s San Joaquin Basin, might be more excited about deals and drilling near its Uinta Basin acreage.

Come Together: California Resources, Aera Merge for Scale, Drilling Runway

California Resources Corp. closed an acquisition of Aera Energy to become California’s top oil and gas producer. Now, CRC President and CEO Francisco Leon wants to grow from a one-rig to an eight-rig drilling program—but faces stiff pushback from regulators and environmental advocates in the Golden State.

Watching the Uinta: XCL Petitions the FTC to Approve Altamont Acquisition

XCL Resources' petition was required under a prior agreement EnCap Energy Capital Fund XI struck with the FTC in 2022, which required the private equity group to sell off EP Energy’s Utah oil business.

Berry Bolts On More California Assets as Kern County M&A Continues

As Berry Corp. continues its aggressive hunt for growth opportunities outside of California, the E&P made a second bolt-on acquisition in Kern County in the fourth quarter.

Searching for Scale, Berry Corp. ‘Aggressively’ Hunting More M&A

Berry Corp. recently closed a multimillion-dollar acquisition to grow its footprint in California. But Berry wants to add even more scale through M&A, especially outside of the Golden State.