sector: Energy ·
industry: Oil & Gas Exploration & Production ·
As of
25 Nov 2009
28.47USD
Berry Petroleum Company (Berry) is an energy company engaged in the production, development, acquisition, exploitation and exploration of crude oil and natural gas. The Company has organized its operations into seven asset teams: South Midway-Sunset (S. Midway), North Midway-Sunset, including diatomite (N. Midway), Southern California, including Poso Creek and Placerita (S. Cal), Piceance, Uinta, DJ and E. Texas. On July 15, 2008, the Company acquired a 100% working interest in natural gas producing properties on 4,500 net acres in Limestone and Harrison counties in East Texas.
BRIEF: For the nine months ended 30 September 2009, Berry Petroleum Company's revenues decreased 28% to $426.6M. Net income from continuing operations decreased 65% to $46.2M. Revenues reflect a decrease in income from gas marketing sales & lower interest & other income, net. Net income also reflects by higher depreciation, depletion & amortization expenses on oil & gas production and a rise in interest expense.
Berry Petroleum Co
5201 Truxtun Avenue
Suite 300
Bakersfield CA 93309
P: +1661.6163900