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BERRY PETROLEUM C, (BRY) Stock Research Free Stock Rating
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Berry Petroleum Company engages in the production, development, acquisition, exploration, and exploitation of crude oil and gas in the United States. The company owns and operates working interests in 38 properties consisting of 4,528 acres located in the Midway-Sunset field; the McVan property, which consists of 560 acres in the Poso Creek field; 9 leases and 4 fee properties totaling approximately 965 acres in the Placerita field; and a 100% working interest in 6 leases totaling 8,563 acres in the Montalvo field in California. It also has interests in the Brundage Canyon leasehold in Duche sne County, Utah that consists of leases totaling approximately 47,300 gross acres; a 52% working interest in properties located in the Niobrara field in northeastern Colorado comprising approximately 127,000 gross acres; and working interests in approximately 390,000 gross prospective acres located in eastern Colorado, western Kansas, and southwestern Nebraska. In addition, the company holds a 15.83% nonoperated working interest in the South Joe Creek coalbed methane field, which represents interests in leases totaling 5,106 acres in the northeastern portion of the Powder River Basin in Wyoming; holds 163,000 net acres in eastern Kansas; and holds 55,000 net acres in central Illinois. Berry Petroleum has proved reserves of 124 million barrels of oil equivalent of natural gas. The company markets its crude oil to independent marketers and oil refining companies. Berry Petroleum was founded by Clarence J. Berry in 1909. The company is headquartered in Bakersfield, California.
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