Company Information
About Berry Petroleum Company
Berry Petroleum Company has been a publicly traded independent energy company since 1987 and is engaged in the production, development, acquisition, exploitation and exploration of crude oil and natural gas.
The Company’s roots date back over 100 years to California’s heavy oil fields, but today California is only one part of Berry’s oil story. With Uinta basin assets in Utah and Permian basin assets in West Texas, Berry Petroleum is now a three-basin oil company with 65% of its total proved reserves located in California, the Uinta and the Permian.
Berry expects oil production from these three basins to account for 70% of 2011 total production. Berry’s principal reserves and producing properties are in California (San Joaquin Valley), Utah (Uinta basin), Texas (E. Texas, Permian basin) and Colorado (Piceance).
At December 31, 2010, the Company reported proved reserves of 271 million barrels of oil equivalent (BOE), a 15% increase compared to 2009 proved reserves. 2010 proved developed reserves represent 49% of total proved reserves. At year-end 2010, the Company’s proved reserve mix includes 166 million barrels of crude oil, condensate and natural gas liquids, and 630 billion cubic feet of natural gas, or 61% oil and 39% natural gas. Total production in 2010 averaged 32,700 BOE per day.
Corporate Profile
- Founded 1909 by Clarence J. Berry in California
- Traded on the NYSE as BRY
- Producer of oil and natural gas
- Operations in California, Texas, Colorado and Utah
- Significant California heavy crude oil experience
- Active California oil diatomite development
- Active Permian Basin oil development
- 270 Employees at fiscal year end (Dec 2010)
- Take me to some Frequently Asked Questions
