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News Releases | |  | |
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| Date | Title | | | 10/30/09 | Berry Petroleum Announces Results for Third Quarter of 2009| DENVER--(BUSINESS WIRE)--Oct. 30, 2009--
Berry Petroleum Company (NYSE:BRY)
reported net income of $19 million, or $0.41 per diluted share, for the
third quarter of 2009, compared to net income of $53.3 million, or $1.16
per diluted share in the third quarter of 2008, according to Robert F.
Heinemann, president and chief executive officer. Discretionary cash
flow for the third quarter totaled $60 million. (Discretionary cash flow
is a non-GAAP... |
|  | | 10/29/09 | Berry Petroleum To Release Third Quarter 2009 Earnings and Hold Conference Call on October 30, 2009| DENVER, Oct 29, 2009 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:
BRY), an independent oil and gas producer, will announce on Friday,
October 30, 2009, before the market opens, financial results for the
third quarter ended September 30, 2009 and will hold a conference call
on Friday, October 30, 2009 at 10:00 a.m. EDT (8:00 a.m. MDT) to discuss
those results.
The call may be accessed in the United States by dialing 866-788-0547
with passcode ... |
| | | 08/11/09 | Berry Petroleum Announces Pricing of $125 Million Additional 10¼% Senior Notes Due 2014| DENVER, Aug 11, 2009 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) announced today that it has priced an
underwritten public offering of $125 million aggregate principal amount
of senior notes due 2014, which will bear interest at a rate of 10¼% per
year. The notes are being sold at 104.75% of par, which equates to an
effective yield to maturity of approximately 9.0%. Berry expects to
close the sale of the notes on August 14, 2009, subject to the
... |
| | | 08/11/09 | Berry Petroleum Announces Proposed Public Offering of Additional 10¼% Senior Notes Due 2014| DENVER, Aug 11, 2009 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) announced today that it intends to
publicly offer, subject to market and other conditions, an additional
$75 million in aggregate principal amount of its 10¼ senior notes due
2014. The notes are expected to be offered as additional notes under an
indenture, as supplemented by a supplemental indenture, pursuant to
which it issued $325 million principal amount of 10¼% senior notes due... |
| | | 08/04/09 | Berry Petroleum Announces Results for Second Quarter of 2009| Lowers Operating Costs and Adds Bolt-on AcquisitionsDENVER, Aug 04, 2009 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY)
reported a second quarter loss of ($13.0 million), or ($0.28) per
diluted share, for the three months ended June 30, 2009, compared to net
income of $49.1 million, or $1.07 per diluted share in the second
quarter of 2008, according to Robert F. Heinemann, president and chief
executive officer. Discretionary cash flow for the second... |
| | | 07/21/09 | Berry Petroleum To Release Second Quarter 2009 Earnings and Hold Conference Call on August 4, 2009| DENVER--(BUSINESS WIRE)--Jul. 21, 2009--
Berry Petroleum Company (NYSE:
BRY), an independent oil and gas producer, will announce on Tuesday,
August 4, 2009, before the market opens, financial results for the
second quarter ended June 30, 2009 and will hold a conference call on
Tuesday, August 4, 2009 at 1:30 p.m. EDT (11:30 p.m. MDT) to discuss
those results.
The call may be accessed in the United States by dialing 866-783-2141
... |
| | | 07/17/09 | Berry Petroleum Completes Sale of East Texas Midstream Assets| DENVER--(BUSINESS WIRE)--Jul. 17, 2009--
Berry Petroleum Company (NYSE:BRY) today closed on the previously
announced sale of its East Texas gas gathering system to a private party
for $18.5 million in cash. The Company has entered into concurrent
long-term gas gathering agreements for its East Texas production.
About Berry Petroleum Company
Berry Petroleum Company is a publicly traded independent oil and gas
production and expl... |
| | | 05/21/09 | Berry Petroleum Announces Pricing of $325 Million of 10.25% Senior Notes Due 2014| DENVER--(BUSINESS WIRE)--May. 21, 2009--
Berry Petroleum Company (NYSE:BRY) announced today that it has priced an
underwritten public offering of $325 million aggregate principal amount
of senior notes due 2014, which will bear interest at a rate of 10.25%
per year. The notes are being sold at 93.546% of par, which equates to
an effective yield to maturity of approximately 12.00%. Berry expects to
close the sale of the notes on May 27, 2009, subject ... |
| | | 05/20/09 | Berry Petroleum Agrees to Sell East Texas Midstream Assets| Increases 2009 Capital Budget to $132 million
DENVER--(BUSINESS WIRE)--May. 20, 2009--
Berry Petroleum Company (NYSE:BRY) (“Company”) today announced that it
has entered into an agreement to sell its East Texas gas gathering
system to a private party for $18.5 million in cash. The Company will
enter into a concurrent long-term gas gathering agreement for its East
Texas production. The transaction is expected to close in June 2009. The
completion of ... |
| | | 05/15/09 | Berry Petroleum Announces $300 Million Senior Note Offering| DENVER--(BUSINESS WIRE)--May. 15, 2009--
Berry Petroleum Company (NYSE:BRY) announced today that it intends to
publicly offer, subject to market and other customary conditions,
$300 million aggregate principal amount of senior notes due 2014, under
its effective shelf registration statement previously filed with the
Securities and Exchange Commission (SEC).
Berry intends to use the net proceeds of the proposed offering to repay
in full... |
| | | 04/30/09 | Berry Petroleum Earns $0.77 Per Share in First Quarter 2009; Quarterly Production Averages 33,330 BOE/D| Borrowing Base - $1,050 Million; $140 Million Second Lien Closes
DENVER--(BUSINESS WIRE)--Apr. 30, 2009--
Berry Petroleum Company (NYSE:BRY)
earned net income of $35 million, or $0.77 per diluted share, for the
three months ended March 31, 2009, down 19% from net income of $43
million, or $0.94 per diluted share, in the first quarter of 2008,
according to Robert F. Heinemann, president and chief executive officer.
Discretionary cash flow totaled $81... |
| | | 04/27/09 | Berry Petroleum To Release First Quarter 2009 Earnings and Hold Conference Call on April 30, 2009| DENVER, Apr 27, 2009 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:
BRY), an independent oil and gas producer, will announce on
Thursday, April 30, 2009, before the market opens, financial results for
the first quarter ended March 31, 2009 and will hold a conference call
on Thursday, April 30 at 1:30 p.m. EDT (11:30 a.m. MDT) to discuss those
results.
The call may be accessed in the United States by dialing 866-202-1971
with passcode 10486818 o... |
| | | 04/01/09 | Berry Petroleum Completes Sale of DJ Basin Assets| DENVER, Apr 01, 2009 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) today announced that it has completed
the previously announced sale of its mature, non-core assets in the
Denver-Julesburg basin. This transaction represents essentially all the
Company's properties in Northeastern Colorado. The sales price based on
the effective date of April 1 is $154 million. Included in the sale are
natural gas reserves, mid-stream assets and an associated gas h... |
| | | 03/03/09 | Berry Petroleum Announces Asset Sales of $154 Million| DENVER--(BUSINESS WIRE)--Mar. 3, 2009--
Berry Petroleum Company (NYSE:BRY) today announced that it has entered
into an agreement to sell its mature, non-core assets in the
Denver-Julesburg basin. This transaction represents essentially all the
Company’s properties in Northeastern Colorado. The Company estimates a
sales price of approximately $154 million before closing adjustments and
includes natural gas reserves, mid-stream assets and an associated... |
| | | 02/24/09 | Berry Petroleum Reports 2008 Earnings of $2.94 Per Share and Total Production of 31,970 BOE/D| 2008 Proved Reserves Increase 45% to 246 MMBOE with an F&D Cost of $12.30/BOE
DENVER--(BUSINESS WIRE)--Feb. 24, 2009--
Berry Petroleum Company (NYSE:BRY) earned net income of $134 million, or
$2.94 per diluted share, for the twelve months ended December 31, 2008,
up 3% from 2007 net income of $130 million, or $2.89 per diluted share,
according to Robert F. Heinemann, president and chief executive officer.
Total revenues were $802 million for 2008 compared ... |
| | | 02/20/09 | Berry Petroleum To Release Fourth Quarter and Full-Year 2008 Earnings and Hold Conference Call on February 25, 2009| DENVER--(BUSINESS WIRE)--Feb. 20, 2009--
Berry Petroleum Company (NYSE:
BRY), an independent oil and gas producer, will announce on
Wednesday, February 25, 2009, before the market opens, financial results
for the fourth quarter and full-year ended December 31, 2008 and will
hold a conference call on Wednesday, February 25 at 3:00 p.m. ET (1:00
p.m. MT) to discuss those results.
The call may be accessed in the United States by dialing 8... |
| | | 12/08/08 | Berry Petroleum Company Sets 2009 Capital Budget at $100 Million; Targets Production of 33,500 Barrels of Oil Equivalent Per Day| Budget Focuses on Highest Return Projects and Maintenance CapitalDENVER, Dec 08, 2008 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) today announced a 2009 capital budget
of $100 million, according to Robert F. Heinemann, president and chief
executive officer. At this level of investment in 2009, the Company is
targeting production to average approximately 33,500 BOED. Production
growth in 2009 will increase 3% over the 2008 estimated annual average.
Mr. ... |
| | | 12/03/08 | Berry Petroleum Increases Bank Commitments to $1.21 Billion| DENVER, Dec 03, 2008 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) has increased its bank commitments to
$1.21 billion. Since the October 17, 2008 amendment to Berry's $1.5
billion credit facility, Berry has secured an additional $130 million of
bank commitments under the accordion feature.
On a pro forma basis at November 30, 2008, Berry's liquidity was $288
million, which includes the $130 million of new bank commitments. The
borrowing base rema... |
| | | 10/29/08 | Berry Petroleum Earns $1.17 Per Share in Third Quarter 2008; Averages 35,150 BOE/D Production and Generates Discretionary Cash Flow of $122 Million| DENVER--(BUSINESS WIRE)--Oct. 29, 2008--Berry Petroleum Company
(NYSE:BRY) earned net income of $53.3 million, or $1.17 per diluted
share, for the three months ended September 30, 2008, up 98% from net
income of $26.9 million, or $.60 per diluted share in the third
quarter of 2007, according to Robert F. Heinemann, president and chief
executive officer. Discretionary cash flow totaled $122 million in the
quarter, up 70% from $72 million in the third quarter of 2007.
(Discretionary cas... |
| | | 10/24/08 | Berry Petroleum To Release Third Quarter Earnings and Hold Conference Call on October 29, 2008| DENVER, Oct 24, 2008 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY),
an independent oil and gas producer, will announce on Wednesday, October
29, 2008, before the market opens, financial results for the second
quarter ended September 30, 2008 and will hold a conference call on that
day at 1:30 p.m. ET (11:30 a.m. MT) to discuss those results.
The call may be accessed in the United States by dialing 866-831-6272
with passcode 33252082 or outside the... |
| | | 10/17/08 | Berry Petroleum Amends Revolving Credit Facility| DENVER--(BUSINESS WIRE)--
Berry Petroleum Company (NYSE:BRY) has amended its $1.5 billion
credit facility. The Amendment increases the borrowing base to $1.25
billion from $1.0 billion with current commitments of $1.08 billion
and a new maturity date of July 15, 2012. The amendment was executed
with the Company's syndicate of 17 banks and includes an accordion
feature that allows the Company to increase borrowing commitments to
$1.25 billion without further bank approval, and modifies... |
| | | 09/23/08 | Berry Petroleum to Host Investor Day November 13, 2008| DENVER--(BUSINESS WIRE)--Sept. 23, 2008--Berry Petroleum Company
(NYSE:BRY) will host a half-day meeting with financial analysts and
institutional investors in New York City on Thursday, November 13,
2008. Members of Berry's senior management team will provide overviews
of operating and financial strategies as well as in-depth reviews of
the Company's assets. The presentation will be followed by a question
and answer session.
The presentation will be available to the public via a ... |
| | | 08/12/08 | Berry Petroleum Announces Expansion of Its Diatomite Heavy Oil Asset| Appraisal drilling increased original oil in place by over 35% to
330 million barrels and production now expected to peak at 12,000
barrels per day
DENVER--(BUSINESS WIRE)--Aug. 12, 2008--Berry Petroleum Company
(NYSE:BRY) announced today that it is increasing its estimate of
original oil in place in its diatomite asset by over 35% to 330
million barrels. During 2008, Berry drilled six delineation wells in
the northern portion of the field. These wells encountered a 300 feet
to 4... |
| | | 07/25/08 | Berry Petroleum Earns $1.08 Per Share in Second Quarter 2008; Averages Record 29,000 BOE/D Production and Generates Discretionary Cash Flow of $108 Million| Achieves Second Quarter Production Exit Rate of 30,000 BOE/DDENVER, Jul 25, 2008 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) earned net income of $49
million, or $1.08 per diluted share, for the three months ended June
30, 2008, up 128% from net income of $21.4 million, or $.48 per
diluted share excluding the net gain on sale of assets of $30.6
million in the second quarter of 2007, according to Robert F.
Heinemann, president and chief executive officer. Discretionary cash
flow t... |
| | | 07/22/08 | Berry Petroleum To Release Second Quarter Earnings and Hold Conference Call on July 25, 2008| DENVER--(BUSINESS WIRE)--July 22, 2008--Berry Petroleum Company
(NYSE:BRY), an independent oil and gas producer, will announce on
Friday, July 25, 2008, before the market opens, financial results for
the second quarter ended June 30, 2008, and will hold a conference
call on that day at 10:30 a.m. EDT (7:30 a.m. PDT) to discuss those
results.
The call may be accessed in the United States by dialing
866-356-4123 with passcode 39819015 or outside the United States by
dialing 617-597... |
| | | 06/26/08 | Shawn Canaday Promoted to Vice President of Berry Petroleum| BAKERSFIELD, Calif.--(BUSINESS WIRE)--June 26, 2008--Berry
Petroleum Company (NYSE:BRY) (Company) today announced that Shawn M.
Canaday, 32, has been promoted to vice president and controller
effective immediately. Mr. Canaday will remain interim chief financial
officer until such time as Mr. David D. Wolf assumes the roles of
executive vice president and chief financial officer. Upon Mr. Wolf's
joining the Company, Mr. Canaday will report to Mr. Wolf.
In announcing the promotion ... |
| | | 06/19/08 | Berry Petroleum Announces Mr. David D. Wolf Has Been Named to the Position of Executive Vice President and Chief Financial Officer| BAKERSFIELD, Calif.--(BUSINESS WIRE)--June 19, 2008--Today, Berry
Petroleum Company (NYSE:BRY) announced that Mr. David D. Wolf has been
named to the position of Executive Vice President and Chief Financial
Officer. Mr. Wolf, age 37, has served as a Managing Director in
JPMorgan's Oil and Gas Group and has been with that firm since 1995
where he has participated in numerous equity, debt and M&A
transactions in the energy industry. Mr. Wolf holds a B.S. in
Economics from Rollins Colleg... |
| | | 06/10/08 | Berry Petroleum Enters Agreement to Purchase East Texas Cotton Valley Natural Gas Assets for $620 Million|
Estimated Proved Reserves of 335 Bcfe - Daily Net Production of 32
MMcfe
Will host virtual presentation and conference call - June 11 at
10:00 am EDT
BAKERSFIELD, Calif.--(BUSINESS WIRE)--June 10, 2008--Berry
Petroleum Company (NYSE:BRY) announced that it has entered into an
agreement with a consortium of private sellers (the "Sellers") to
acquire their interests in natural gas producing properties on 4,50... |
| | | 04/29/08 | Berry Petroleum Earns $.95 Per Share in First Quarter 2008| Achieved Record First Quarter Discretionary Cash Flow of over $100 MillionBAKERSFIELD, Calif., Apr 29, 2008 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) earned net income of $43
million, or $.95 per diluted share, for the three months ended March
31, 2008, up 128% from 2007 net income of $18.9 million, or $.42 per
diluted share in the first quarter of 2007, according to Robert F.
Heinemann, president and chief executive officer. Net income for the
2008 quarter includes a net $.08 p... |
| | | 04/24/08 | Berry Petroleum To Release First Quarter Earnings and Hold Conference Call on April 29, 2008| BAKERSFIELD, Calif.--(BUSINESS WIRE)--April 24, 2008--Berry
Petroleum Company (NYSE: BRY), an independent oil and gas producer,
will announce on Tuesday, April 29, 2008, before the market opens,
financial results for the first quarter ended March 31, 2008 and will
hold a conference call on that day at 1:30 p.m. EDT (10:30 a.m. PDT)
to discuss those results.
The call may be accessed in the United States by dialing
800-798-2796 with passcode 36727979 or outside the United States by
... |
| | | 03/27/08 | Berry Petroleum to Relocate Corporate Headquarters to Denver, CO| Move Expected In Summer of 2008; Will Maintain Bakersfield, CA
Office
BAKERSFIELD, Calif.--(BUSINESS WIRE)--March 27, 2008--Berry
Petroleum Company (NYSE:BRY) has announced it will relocate its
corporate headquarters to Denver, Colorado from Bakersfield,
California during the summer of 2008. Berry's new headquarters will be
located at 1999 Broadway in Denver.
Robert F. Heinemann, president and chief executive officer,
stated, "Berry's business activity has increased significa... |
| | | 02/14/08 | Berry Petroleum Reports 2007 Earnings of $2.89 Per Share and Record Production of 26,900 BOE/D| Achieved Fourth Quarter Earnings of $.71 Per Share and Average
Production of over 28,000 BOE/D
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 14, 2008--Berry
Petroleum Company (NYSE:BRY) earned net income of $130 million, or
$2.89 per diluted share, for the twelve months ended December 31,
2007, up 20% from 2006 net income of $108 million, or $2.41 per
diluted share, according to Robert F. Heinemann, president and chief
executive officer. The Company recorded pre-tax gains on the sale... |
| | | 02/07/08 | Berry Petroleum Replaces 293% of 2007 Production and Increases Proved Reserves by 13% to 169 MMBOE| Achieves One Year Finding & Development Cost of $10.07 per BOE
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 7, 2008--Berry
Petroleum Company (NYSE:BRY) announced that estimated proved oil and
gas reserves increased by 13% to 169 million barrels of oil equivalent
(BOE) as of December 31, 2007. In 2007, Berry added 35.4 million BOE
at a finding and development cost of $10.07 per BOE (see
reconciliation below) and replaced 293% of the 9.8 million BOE (26,900
BOE per day) it produced in... |
| | | 02/04/08 | Berry Petroleum To Release Fourth Quarter and Full-Year 2007 Earnings and Hold Conference Call on February 14, 2008| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 4, 2008--Berry
Petroleum Company (NYSE: BRY), an independent oil and gas producer,
will announce on Thursday, February 14, 2008, before the market opens,
financial results for the fourth quarter and full-year ended December
31, 2007 and will hold a conference call on that day at 1:30 p.m. ET
(10:30 a.m. PT) to discuss those results.
The call may be accessed in the United States by dialing
866-770-7120 with passcode 81132745 or outside the... |
| | | 12/12/07 | Berry Petroleum Company Announces the Retirement of Its Chief Financial Officer| BAKERSFIELD, Calif., Dec 12, 2007 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) ("Company") today announced
that Ralph J. Goehring has informed the Company's Board of Directors
that he intends to retire from his position as Chief Financial Officer
during the summer of 2008. He will serve as an executive assistant to
the President and Chief Executive Officer through the end of next year
facilitating various special projects.
Mr. Goehring joined the Company in 1987 as the Manager of... |
| | | 12/04/07 | Berry Petroleum Company Sets 2008 Capital Budget at $295 Million; Targets Production and Reserve Growth Greater Than 10%| Budget Focuses on Capturing Oil Economics by Accelerating Key Oil
Projects
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Dec. 4, 2007--Berry
Petroleum Company (NYSE:BRY) today announced a 2008 capital budget of
$295 million, according to Robert F. Heinemann, president and chief
executive officer. At this level of investment in 2008, the Company
expects to drill over 390 producing wells and is targeting 2008
production to average approximately 30,000 BOE/d. To... |
| | | 10/31/07 | Berry Petroleum Earns $.60 Per Share in Third Quarter 2007| Record Oil Production Levels from Poso Creek and Diatomite Assets
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Oct. 31, 2007--Berry
Petroleum Company (NYSE:BRY) earned net income of $26.9 million, or
$.60 per diluted share, for the three months ending September 30,
2007, compared to $31.4 million, or $.70 per diluted share, for the
third quarter of 2006, according to Robert F. Heinemann, president and
chief executive officer. Third quarter net income included a
write-down of the value of... |
| | | 10/22/07 | Berry Petroleum Company to Form Master Limited Partnership| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Oct. 22, 2007--Berry
Petroleum Company (Berry) (NYSE:BRY) today announced plans to form a
master limited partnership (MLP) and intends to proceed with an
initial public offering of common units representing limited partner
interests in the MLP. The MLP is expected to own certain of Berry
Petroleum's long-lived oil and natural gas properties.
Berry expects to file a registration statement with the U.S.
Securities and Exchange Commission for the... |
| | | 10/18/07 | Berry Petroleum To Release Third Quarter 2007 Earnings and Hold Conference Call on October 31, 2007| BAKERSFIELD, Calif., Oct 18, 2007 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE: BRY), an independent oil and gas
producer, will announce on Wednesday, October 31, 2007, before the
market opens, financial results for the third quarter ended September
30, 2007 and will hold a conference call that day at 1:30 p.m. ET
(10:30 a.m. PT) to discuss those results.
The call may be accessed in the United States by dialing
888-873-4896 with passcode 65745746 or outside the United States by
dialin... |
| | | 08/31/07 | Berry Petroleum Company Names Michael Duginski Chief Operating Officer| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Aug. 31, 2007--Berry
Petroleum Company (NYSE:BRY) ("Company") today announced that Michael
Duginski, 41, has been appointed executive vice president and chief
operating officer effective September 1, 2007. Mr. Duginski will
continue to report to Mr. Robert F. Heinemann, president and chief
executive officer.
In announcing the appointment Mr. Heinemann said, "Mr. Duginski
has been an integral part of Berry's growth and success over the past
fi... |
| | | 08/01/07 | Berry Petroleum Earns $1.16 Per Share in Second Quarter 2007| Record Production of 27,195 BOE/D is Up 10% Over Second Quarter
2006
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Aug. 1, 2007--Berry
Petroleum Company (NYSE:BRY) earned net income of $52 million, or
$1.16 per diluted share, for the three months ending June 30, 2007, up
from net income of $34.2 million, or $.76 per diluted share in the
second quarter of 2006, according to Robert F. Heinemann, president
and chief executive officer. Excluding a net gain rel... |
| | | 07/25/07 | Berry Petroleum To Release Second Quarter 2007 Earnings and Hold Conference Call on August 1, 2007| BAKERSFIELD, Calif.--(BUSINESS WIRE)--July 25, 2007--Berry
Petroleum Company (NYSE: BRY), an independent oil and gas producer,
will announce on Wednesday, August 1, 2007, before the market opens,
financial results for the second quarter ended June 30, 2007 and will
hold a conference call that day at 1:30 p.m. ET (10:30 a.m. PT) to
discuss those results.
The call may be accessed in the United States by dialing
866-713-8307 with passcode 18450946 or outside the United States by
dia... |
| | | 05/11/07 | Berry Petroleum Completes Sale of West Montalvo Assets| BAKERSFIELD, Calif.--(BUSINESS WIRE)--May 11, 2007--Berry
Petroleum Company (NYSE: BRY) today completed the previously announced
sale of its non-core West Montalvo assets, near Ventura, California.
The sales price based on the January 1, 2007 effective date is $63
million, subject to customary adjustments.
About Berry Petroleum Company
Berry Petroleum Company is a publicly traded independent oil and
gas production and exploitation company with its headquarters in
Bakersfield,... |
| | | 05/08/07 | Small Equipment Fire at Berry Petroleum’s West Montalvo Field Extinguished Without Injury or Incident| Bakersfield, Calif. -- May 8, 2007 -- Berry Petroleum Company (NYSE: BRY): Shortly after midnight on May 8, 2007, a small fire broke out in a treatment unit at Berry's West Montalvo Field near Oxnard, California. Emergency fire crews were immediately notified and responded quickly. The fire was extinguished shortly thereafter. There were no injuries. All crude oil or hazardous materials were contained within the facility. Approximately 380 barrels per day of production is currently shut in... |
| | | 05/02/07 | Berry Petroleum Earns $.42 Per Share in First Quarter 2007| BAKERSFIELD, Calif.--(BUSINESS WIRE)--May 2, 2007--Berry Petroleum
Company (NYSE:BRY) earned net income of $18.9 million, or $.42 per
diluted share, for the three months ending March 31, 2007, down from
net income of $23.3 million, or $.52 per diluted share in the first
quarter of 2006, according to Robert F. Heinemann, president and chief
executive officer.
For the first quarter of 2007, net production averaged 25,490
barrels of oil equivalent per day (BOE/d), an increase of 9% f... |
| | | 04/25/07 | Berry Petroleum To Release First Quarter 2007 Earnings and Hold Conference Call on May 2, 2007| BAKERSFIELD, Calif.--(BUSINESS WIRE)--April 25, 2007--Berry
Petroleum Company (NYSE: BRY), an independent oil and gas producer,
will announce on Wednesday, May 2, 2007, before the market opens,
financial results for the first quarter ended March 31, 2007 and will
hold a conference call that day at 1:30 p.m. ET (10:30 a.m. PT) to
discuss those results.
The call may be accessed in the United States by dialing
800-798-2801 with passcode 36850955 or outside the United States by
diali... |
| | | 03/19/07 | Berry Petroleum Announces Sale of Its West Montalvo Assets| BAKERSFIELD, Calif., Mar 19, 2007 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) today announced that it has
entered into an agreement to sell its non-core West Montalvo assets,
near Ventura, California. The Company estimates a sales price of
approximately $63 million before adjustments and expects to close the
sale in the second quarter of 2007. Production from the property is
approximately 700 barrels of oil equivalent (BOE) per day, which is
less than 3% of current production and... |
| | | 03/05/07 | Berry Petroleum Appoints Shawn Canaday to Controller and Steve Wilson to Treasurer| BAKERSFIELD, Calif.--(BUSINESS WIRE)--March 5, 2007--Berry
Petroleum Company (NYSE: BRY) today announced that Shawn Canaday, 31,
has been appointed controller and Steven B. Wilson, 43, has been
appointed treasurer, effective March 2, 2007. Mr. Wilson was recently
named controller of Berry upon the retirement of Mr. Don Dale in
December 2006. Both Mr. Canaday and Mr. Wilson report to Mr. Ralph
Goehring, executive vice president and chief financial officer.
In announcing the appoint... |
| | | 02/28/07 | Berry Petroleum Reports 2006 Earnings of $2.41 Per Share; Production, Reserves Reach Record Highs| Achieves Fourth Straight Year of Double Digit Production Growth
Enters into Long Term Crude Oil Sales Contract for Uinta
Production
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 28, 2007--Berry
Petroleum Company (NYSE:BRY) earned net income of $108 million, or
$2.41 per diluted share, for the twelve months ending December 31,
2006, down slightly from the record 2005 net income of $112 million,
or $2.50 per diluted share, according to Robert F. Heinemann,
president and chief exec... |
| | | 02/20/07 | Berry Petroleum Company Moves Fourth Quarter and Year-End 2006 Earnings Release and Conference Call to February 28, 2007| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 20, 2007--Berry
Petroleum Company (NYSE:BRY), an independent oil and gas producer,
will announce on Wednesday, February 28, 2007, before the market
opens, financial results for the fourth quarter and year ended
December 31, 2006 and will hold a conference call that day at 1:30
p.m. ET (10:30 a.m. PT) to discuss those results.
The call may be accessed in the United States by dialing
866-713-8567 with passcode 27038611 or outside the United... |
| | | 12/15/06 | Berry Petroleum Names Steven Wilson Controller| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Dec. 15, 2006--Berry
Petroleum Company (NYSE:BRY) today announced that Steven B. Wilson,
43, will become controller effective January 1, 2007 upon the
retirement of Donald A. Dale. Mr. Dale has been the controller for
Berry since joining the Company in 1985. Mr. Wilson joined Berry as
assistant controller in 2003 and has worked under the direction of Mr.
Dale and Ralph Goehring, executive vice president and chief financial
officer.
Mr. Wilson... |
| | | 12/06/06 | Berry Petroleum Announces 2007 Targets for Capital Expenditures, Proved Reserves and Production| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Dec. 6, 2006--Berry
Petroleum Company (NYSE:BRY) announced budgeted capital expenditures
of $320 million for 2007 with $267 million allocated for its
development and appraisal activities and $53 million allocated to the
Company's final acquisition payment related to its June 2006 Piceance
acreage acquisition. The Company expects to end 2007 with 185 million
barrels of oil equivalent (BOE) of proved reserves, a 25 percent
increase compared to estim... |
| | | 11/08/06 | Berry Petroleum Reports Third Quarter Earnings of $31.4 Million and Record Production| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Nov. 8, 2006--Berry
Petroleum Company (NYSE:BRY) earned $31.4 million, or $.70 per diluted
share, for the third quarter of 2006, compared to net income of $34.2
million, or $.76 per diluted share, in the third quarter of 2005,
adjusted for the two-for-one stock split effective May 17, 2006.
Revenues were $129 million and discretionary cash flow was $73.1
million in the third quarter of 2006. The Company's production
averaged a record 26,423 barrel... |
| | | 11/01/06 | Berry Petroleum Announces Full Scale Development of Its California Diatomite Asset| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Nov. 1, 2006--Berry
Petroleum Company (NYSE:BRY) will commence development of its
Midway-Sunset diatomite oil project in California based on the
performance of a two-year pilot program, according to Robert F.
Heinemann, president and chief executive officer.
Mr. Heinemann said, "We are pleased to announce that we will begin
commercial development of our diatomite oil resource. We have
estimated the project has 200 million barrels of oil in pla... |
| | | 10/24/06 | Berry Petroleum Company to Release Third Quarter 2006 Earnings and Hold Conference Call on November 8, 2006| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Oct. 24, 2006--Berry
Petroleum Company (NYSE:BRY), an independent oil and gas producer,
will announce on Wednesday, November 8, 2006, before the market opens,
financial results for the third quarter ended September 30, 2006, and
will hold a conference call that day at 1:30 p.m. ET (10:30 a.m. PT)
to discuss those results.
The call may be accessed in the United States by dialing
866-277-1182 with passcode 10864327 or outside the United States b... |
| | | 10/20/06 | Berry Petroleum Announces Pricing of Senior Subordinated Notes| BAKERSFIELD, Calif., Oct 20, 2006 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) announced today that it has
priced its offering of $200 million aggregate principal amount of
Senior Subordinated Notes Due 2016, which will bear interest at a rate
of 8.25% per year and are being sold at par. Berry expects to close
the sale of the notes on October 24, 2006, subject to the satisfaction
of customary closing conditions.
J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Wells
... |
| | | 10/06/06 | Berry Petroleum Announces $200 Million Senior Subordinated Note Offering| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Oct. 6, 2006--Berry
Petroleum Company (NYSE:BRY) announced today that it intends to
publicly offer, subject to market and other customary conditions, $200
million aggregate principal amount of senior subordinated notes due
2016, under its effective shelf registration statement previously
filed with the Securities and Exchange Commission (SEC). Berry expects
to complete the offering on or about October 24, 2006.
J.P. Morgan Securities Inc., Cit... |
| | | 09/18/06 | Berry Petroleum Ranked 59 of 100 Fastest-Growing Companies by Fortune Magazine| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Sept. 18, 2006--Berry
Petroleum Company (NYSE:BRY), an independent oil and gas producer
headquartered in Bakersfield, California, was recognized for the
second consecutive year in Fortune magazine's list of "100
Fastest-Growing Companies" in the September 18 issue of the business
magazine. In the special report on the 100 fastest-growing companies
as calculated by Fortune, Berry ranked 59, based on various three-year
measures.
Robert F. Heine... |
| | | 08/22/06 | Berry Petroleum Increases 2006 Capital Budget, Announces Dividend Increase and Projected Year-End Reserves| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Aug. 22, 2006--Berry
Petroleum Company (NYSE:BRY) announced that its board of directors has
authorized a $43 million increase to its 2006 capital budget to $275
million, up 19% from the previous budget of $232 million. The board
also authorized an increase of $.04 per share in its annual dividend
and a special cash dividend of $.02 per share, resulting in a total
dividend of $.30 per share in 2006, according to Robert F. Heinemann,
president and c... |
| | | 08/09/06 | Berry Petroleum's Second Quarter Earnings Rise 35%| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Aug. 9, 2006--Berry
Petroleum Company (NYSE:BRY) earned $34.2 million, or $.76 per diluted
share, for the second quarter of 2006, up 35% from net income of $25.3
million, or $.56 per diluted share, in the second quarter of 2005,
adjusted for the two-for-one stock split effective May 17, 2006.
Revenues were $123 million and discretionary cash flow was $65.9
million in the second quarter of 2006. The Company's production
averaged 24,768 barrels of o... |
| | | 08/04/06 | Berry Petroleum Company Names Ronald J. Robinson to Board of Directors| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Aug. 4, 2006--Berry
Petroleum Company (NYSE:BRY) announced that Ronald J. Robinson has
been elected to the Board of Directors, effective August 4, 2006.
Mr. Martin H. Young, chairman of the board, said, "We are
delighted that Ron Robinson is joining Berry's Board at this time. Ron
brings deep technical knowledge and experience which will strengthen
our already strong board. His advice will be invaluable as we continue
our growth activities in ... |
| | | 07/26/06 | Berry Petroleum Company to Release Second Quarter 2006 Earnings and Hold Conference Call on August 9, 2006| BAKERSFIELD, Calif.--(BUSINESS WIRE)--July 26, 2006--Berry
Petroleum Company (NYSE:BRY), an independent oil and gas producer,
will announce on Wednesday, August 9, 2006, before the market opens,
financial results for the first quarter ended June 30, 2006 and will
hold a conference call that day at 1:30 p.m. ET (10:30 a.m. PT) to
discuss those results.
The call may be accessed in the United States by dialing
866-543-6405 with passcode 46963669 or outside the United States by
diali... |
| | | 06/23/06 | Berry Petroleum Company Enters into an Amended Employment Agreement with Its President/CEO| BAKERSFIELD, Calif., Jun 23, 2006 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) (the "Company")
announced that it has entered into an amended and restated employment
agreement with Mr. Robert F. Heinemann, president and chief executive
officer of the Company. The amended and restated agreement extends the
term of the original employment agreement through January 31, 2010,
along with modifying other provisions.
About Berry Petroleum Company
Berry Petroleum Company is a publicly t... |
| | | 06/15/06 | Berry Petroleum Files Automatic Shelf Registration Statement| BAKERSFIELD, Calif.--(BUSINESS WIRE)--June 15, 2006--Berry
Petroleum Company (NYSE:BRY) today filed an automatic shelf
registration statement on Form S-3 with the Securities and Exchange
Commission. This registration statement will allow the Company to sell
its common stock, preferred stock, warrants and debt securities in any
combination from time to time.
Ralph J. Goehring, chief financial officer, said, "While Berry has
no immediate plans to access the equity markets, we want t... |
| | | 06/08/06 | Berry Petroleum Expands Piceance Basin Asset Base| BAKERSFIELD, Calif.--(BUSINESS WIRE)--June 8, 2006--Berry
Petroleum Company (NYSE:BRY) announced that it has entered into a
definitive agreement with EnCana Oil & Gas (USA) Inc. (NYSE:ECA) to
jointly develop a portion of EnCana's North Parachute Ranch property
in the Piceance Basin of western Colorado. Berry will fund the
drilling of 90 natural gas wells on EnCana's valley lands and will
acquire 4,300 gross acres elsewhere in the North Parachute Ranch
property with a working interest ... |
| | | 05/17/06 | Berry Petroleum's Shareholders Approve Two-for-One Stock Split| BAKERSFIELD, Calif., May 17, 2006 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) shareholders have
approved an increase in the number of shares of Class A Common Stock
(Common Stock) and Class B Stock (both referred to as the Capital
Stock) that the Company is authorized to issue.
As a result of the shareholder approval to increase the number of
shares of Capital Stock, the Company will effect its previously
announced two-for-one stock split, originally approved by its Board on
M... |
| | | 05/09/06 | Berry Petroleum Reports First Quarter 2006 Results| BAKERSFIELD, Calif.--(BUSINESS WIRE)--May 9, 2006--Berry Petroleum
Company (NYSE:BRY) earned $23.3 million, or $1.03 per diluted share,
for the first quarter of 2006, up 4% from net income of $22.5 million,
or $1.00 per diluted share, in the first quarter of 2005. Revenues
were $118 million and discretionary cash flow was $55.6 million, up
34% and 50%, respectively, both record levels, compared to the results
from the first quarter of 2005. The Company's daily production
averaged 23,4... |
| | | 05/03/06 | Berry Petroleum Provides Update on Coyote Flats Appraisal| BAKERSFIELD, Calif., May 03, 2006 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) has determined that
two appraisal wells drilled on the Coyote Flats prospect (Utah) in
late 2005 will be commercial based on recent testing and evaluation of
the wells. These two wells located on the eastern portion of the
acreage were completed in the Ferron sandstone and have recently
tested at flow rates of over 900 thousand cubic feet of gas per day
(Mcf/D). These rates and well logs are similar to ... |
| | | 04/28/06 | Berry Petroleum Increases Credit Facility to $750 Million| BAKERSFIELD, Calif.--(BUSINESS WIRE)--April 28, 2006--Berry
Petroleum Company (NYSE:BRY) has increased its credit facility from
$500 million to $750 million and increased its current borrowing base
under the facility from $350 million to $500 million. Terms of the
five-year unsecured credit facility are substantially similar, and in
certain instances, more favorable to the Company compared to the
previous credit facility.
Ralph Goehring, executive vice president and chief financia... |
| | | 04/25/06 | Berry Petroleum Company to Release First Quarter 2006 Earnings and Hold Conference Call on May 9, 2006| BAKERSFIELD, Calif.--(BUSINESS WIRE)--April 25, 2006--Berry
Petroleum Company (NYSE:BRY), an independent oil and gas producer,
will announce on Tuesday, May 9, 2006, before the market opens,
financial results for the first quarter ended March 31, 2006, and will
hold a conference call that day at 1:30 p.m. ET (10:30 a.m. PT) to
discuss those results.
The call may be accessed in the United States by dialing
866-825-3354 with passcode 14675043 or outside the United States by
dialing... |
| | | 04/10/06 | Webcast Alert: Berry Petroleum Company Announces Its IPAA's 2006 OGIS NEW YORK Webcast| WASHINGTON--(BUSINESS WIRE)--April 10, 2006--Berry Petroleum
Company (NYSE: BRY) announces the following Webcast:
What: Berry Petroleum Company IPAA's 2006 OGIS NEW YORK Webcast
When: April 11, 2006 @ 01:35 PM Eastern
Where: http://www.vcall.com/CEPage.asp?ID=102960
How: Live over the Internet -- Simply log on to the web at the
address above.
Contact: Todd Crabtree, 661-616-3832 or tac@bry.com
If you are unable to partici... |
| | | 03/23/06 | Berry Petroleum Files Form 8-K - Other Event| BAKERSFIELD, Calif.--(BUSINESS WIRE)--March 23, 2006--Berry
Petroleum Company (NYSE:BRY) has filed a Form 8-K with the Securities
and Exchange Commission announcing that on March 23, 2006 Logan
Magruder, Executive Vice President of Rocky Mountain and Mid-Continent
Region, has submitted his resignation to pursue other business
opportunities.
Berry Petroleum Company is a publicly traded independent oil and
gas production and exploitation company with its headquarters in
Bakersfield... |
| | | 03/01/06 | Berry Petroleum Announces Two-for-One Stock Split| BAKERSFIELD, Calif.--(BUSINESS WIRE)--March 1, 2006--The Board of
Directors of Berry Petroleum Company (NYSE:BRY) today approved a
two-for-one split of the Company's Class A Common Stock (Common Stock)
and Class B Stock, subject to shareholder approval of an increase in
authorized shares.
The stock split will require that shareholders authorize the
issuance of new shares at the Company's May 17, 2006 annual meeting.
Berry's shareholders will be asked to approve an increase in the
... |
| | | 02/28/06 | Berry Petroleum Completes Piceance Basin Acquisition; Increases 2006 CAPEX to $208 Million| BAKERSFIELD, Calif., Feb 28, 2006 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) announced that it has
completed the acquisition of a 50% working interest in natural gas
assets in the Grand Valley field in the Piceance Basin of western
Colorado for approximately $159 million. The purchase was funded under
the Company's existing credit facility. Berry will be the operator and
own a 50% working interest in 6,314 gross acres targeting gas in the
Williams Fork section of the Mesaverde f... |
| | | 02/22/06 | Berry Petroleum's 2005 Earnings Climb 62% to $5.00 Per Share; Production, Reserves Also Reach Record Highs| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 22, 2006--Berry
Petroleum Company (NYSE:BRY) earned $30.4 million, or $1.35 per
diluted share, in the fourth quarter of 2005, which was 20% higher
than the $25.3 million, or $1.11 per diluted share, the Company
achieved in the fourth quarter of 2004. For 2005, the Company achieved
record net income of $112.4 million, or $5.00 per diluted share, an
increase of 62% compared to 2004 net income of $69.2 million, or $3.08
per diluted share, accord... |
| | | 02/15/06 | Berry Petroleum Replaced 296% of 2005 Production and Increased Proved Reserves by 15%| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 15, 2006--Berry
Petroleum Company (NYSE:BRY) announced that estimated proved oil and
gas reserves increased by 15% to 126 million barrels of oil equivalent
(BOE) as of December 31, 2005. In 2005, Berry added 24.9 million BOE
at a reserve replacement cost of $9.44 per BOE and replaced 296% of
the 8.4 million BOE (23,015 BOE per day) it produced.
Acquisitions accounted for 176% of production replacement and
drilling activities replaced 120%... |
| | | 02/13/06 | Berry Petroleum Company to Release Fourth Quarter and Full Year 2005 Earnings and Hold Conference Call February 22, 2006| BAKERSFIELD, Calif., Feb 13, 2006 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY), an independent oil
and gas producer, will announce its financial results for the fourth
quarter and the full year ended December 31, 2005 before the market
opens on Wednesday, February 22, 2006 and will hold a conference call
that day at 1:30 p.m. ET (10:30 a.m. PT) to discuss those results.
The call may be accessed in the United States by dialing
866-825-1709 with passcode 23263458 or outside the Un... |
| | | 02/02/06 | Berry Petroleum Company Names J. Frank Keller to Board Of Directors| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 2, 2006--Berry
Petroleum Company (NYSE:BRY) announced that J. Frank Keller has been
elected to the Board of Directors, effective February 2, 2006.
Martin H. Young, chairman of the board, said, "We are pleased that
Frank Keller is joining Berry's Board. Frank brings deep operational
and financial knowledge and experience, particularly in the Rocky
Mountain/Mid-Continent Region. His advice will be valuable as we
continue to grow our Company... |
| | | 01/27/06 | Berry Petroleum Announces Piceance Basin Acquisition| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Jan. 27, 2006--Berry
Petroleum Company (NYSE:BRY) announced that it has entered into an
agreement with a private seller to acquire a 50% working interest in
natural gas assets in the Piceance Basin of western Colorado for
approximately $150 million in cash. Berry internally estimates 330
billion cubic feet (Bcf) of reserves, which are comprised of 26 Bcf of
proved reserves and 304 Bcf of probable reserves. Berry has identified
over 600 drilling lo... |
| | | 01/13/06 | Berry Petroleum Announces Discovery at Lake Canyon, Utah| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Jan. 13, 2006--Berry
Petroleum Company (NYSE:BRY) announced commercial drilling results
from its shallow Lake Canyon Prospect in the Uinta Basin of Utah. The
Nielsen Marsing and Taylor Herrick wells have tested production rates
of 98 barrels of oil equivalent per day (BOE/D) and 163 BOE/D,
respectively, from the same Green River formation that is productive
immediately east in the Company's Brundage Canyon field. Initial
performance from these dis... |
| | | 12/28/05 | Berry Petroleum Adopts 10b5-1 Plan for Share Repurchases| BAKERSFIELD, Calif., Dec 28, 2005 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) adopted a plan under
Rule 10b5-1 of the Securities Exchange Act of 1934 to facilitate the
repurchase of its shares of common stock. Rule 10b5-1 allows a company
to purchase its shares at times when it would not normally be in the
market due to possession of nonpublic information, such as the time
immediately preceding its quarterly earnings releases. In addition to
share repurchases by the Rule 10b5-1 p... |
| | | 12/19/05 | Berry Petroleum Targets Capital Expenditures of $160 Million in 2006| BAKERSFIELD, CA, Dec 19, 2005 (MARKET WIRE via COMTEX News Network) -- Berry Petroleum Company (NYSE: BRY) announced budgeted 2006 capital
expenditures of $160 million, up 15% over the increased 2005 budget
of $136 million. These expenditures will be directed toward
exploration opportunities, developing reserves and increasing oil and
gas production. For 2006, Berry plans to invest approximately $98
million, or 60%, in the Company's Rockies and Mid-Continent assets,
and $62 million, or 40%... |
| | | 11/22/05 | Berry Petroleum Enters Into California Crude Oil Sales Contract| BAKERSFIELD, CA, Nov 22, 2005 (MARKET WIRE via COMTEX News Network) -- Berry Petroleum Company (NYSE: BRY) entered into a new crude oil
sales contract for its California production for deliveries beginning
February 1, 2006. The per barrel price, calculated on a monthly
basis, will be the higher of 1) the West Texas Intermediate NYMEX
crude oil price less a fixed differential, or 2) heavy oil field
postings plus a premium. The contract is for a four-year term with a
one-year renewal optio... |
| | | 11/03/05 | Berry Petroleum Earns $1.52 Per Share in Third Quarter| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Nov. 3, 2005--Berry
Petroleum Company (NYSE:BRY) reported net income of $34.2 million, or
$1.52 per diluted share, for the third quarter of 2005, up 88%
compared to net income of $18.2 million, or $.82 per diluted share, in
the third quarter of 2004, according to Robert F. Heinemann, president
and chief executive officer. Revenues rose to a record $110 million in
the quarter, up 51% from $73 million in the third quarter of 2004. The
average daily ... |
| | | 10/26/05 | Berry Petroleum Company to Release Third Quarter 2005 Earnings and Hold Conference Call November 3, 2005| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Oct. 26, 2005--Berry
Petroleum Company (NYSE:BRY), an independent oil and gas producer,
will announce its financial results for the third quarter ended
September 30, 2005 before the market opens on Thursday, November 3,
2005 and will hold a conference call that morning at 11 a.m. ET (8
a.m. PT) to discuss those results.
The call may be accessed domestically by dialing 866-713-8567 with
passcode 50903983 or internationally by dialing 617-597-53... |
| | | 10/21/05 | Berry Petroleum Acquires Additional Niobrara Natural Gas Acreage| BAKERSFIELD, Calif., Oct 21, 2005 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) has purchased a 50%
working interest in approximately 70,000 gross (60,000 net)
undeveloped acres in Colorado's Phillips and Sedgwick counties from
Chandler Energy, LLC. This additional Niobrara leasehold position is
adjacent to and immediately north of Berry's producing assets in Yuma
County. Berry, as operator of the acreage, is scheduled to begin
shooting a 3-D seismic survey within the next three mo... |
| | | 10/04/05 | Webcast Alert: Berry Petroleum Company Announces Its IPAA Oil & Gas Investment Symposium West, San Francisco Webcast| WASHINGTON--(BUSINESS WIRE)--Oct. 4, 2005--Berry Petroleum Company
(NYSE: BRY) announces the following Webcast:
What: Berry Petroleum Company IPAA Oil & Gas Investment Symposium
West, San Francisco Webcast
When: October 5, 2005 @ 05:50 PM Eastern
Where: http://www.vcall.com/CEPage.asp?ID=95084
How: Live over the Internet -- Simply log on to the web at the
address above.
Contact: Todd Crabtree, 661-616-3832 or tac@bry.com
If ... |
| | | 10/03/05 | Berry Petroleum Company Announces New Officers and Operational Restructuring| BAKERSFIELD, Calif., Oct 03, 2005 (BUSINESS WIRE) -- Robert F. Heinemann, president and chief executive
officer of Berry Petroleum Company (NYSE:BRY), announced that
effective October 3, 2005 the Company was modifying its management
structure to better align the organization with the growth and
diversification strategies that have been key to Berry's
transformation over the last two years. The organizational structure
will utilize integrated asset teams; the corresponding changes in
title... |
| | | 10/03/05 | Berry Petroleum Company Names Joseph H. Bryant to Board of Directors| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Oct. 3, 2005--Berry
Petroleum Company (NYSE:BRY) announced that Joseph H. Bryant has been
elected to the Board of Directors, effective October 1, 2005.
Martin H. Young, chairman of the board, said, "We are pleased that
Joe Bryant is joining our Board. He brings a wealth of technical and
operational knowledge. His advice will be valuable as we grow our
Company."
Mr. Robert F. Heinemann, president and chief executive officer of
Berry, state... |
| | | 08/31/05 | Berry Petroleum Company Announces Retirement of Director John A. Hagg| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Aug. 31, 2005--Mr. John A.
Hagg has retired from the Berry Petroleum Company (NYSE:BRY) Board of
Directors effective Aug. 30, 2005. Mr. Hagg has served on the Berry
Board since 1994. Mr. Martin H. Young, Chairman of the Board, stated,
"The Board of Directors is grateful for John's long service in a
period of tremendous growth and diversification for the Company." Mr.
Robert F. Heinemann, President and CEO, added, "John's service on the
Board of Direct... |
| | | 08/30/05 | Berry Petroleum Increases 2005 Capital Budget by 27%: Increases Dividend Payout by 15% for 2005| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Aug. 30, 2005--Berry
Petroleum Company (NYSE:BRY) announced that its board of directors has
authorized a $29 million increase to its 2005 capital budget, up 27%
from the previous budget of $107 million. The board also authorized an
increase to its annual dividend payment by $.04 per share and a
special cash dividend of $.10 per share, according to Robert F.
Heinemann, president and chief executive officer.
2005 Capital Budget Increased by 27% to... |
| | | 08/09/05 | Berry Petroleum's Second Quarter Net Income Climbs 65% to $1.13 Per Share| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Aug. 9, 2005--Berry
Petroleum Company (NYSE:BRY) announced net income of $25.3 million, or
$1.13 per diluted share, for the second quarter of 2005, up 65% from
net income of $15.3 million, or $.68 per diluted share in the second
quarter of 2004. Revenues rose to a record $92.7 million in the
quarter, up 45% from $64.1 million in the second quarter of 2004. The
Company's average daily production of 22,668 barrels of oil equivalent
(BOE), which consists... |
| | | 07/28/05 | Berry Petroleum Company to Release Second Quarter 2005 Earnings and Hold Conference Call August 9, 2005| BAKERSFIELD, Calif.--(BUSINESS WIRE)--July 28, 2005--Berry
Petroleum Company (NYSE:BRY), an independent oil and gas producer,
will announce its financial results for the second quarter ended June
30, 2005 before the market opens on Tuesday, August 9, 2005 and will
hold a conference call that morning at 11 a.m. ET (8 a.m. PT) to
discuss those results.
The call may be accessed domestically by dialing 800-798-2884 with
passcode 74596038 or internationally by dialing 617-614-6207 with
... |
| | | 07/01/05 | Berry Petroleum Implements Additional Hedging| BAKERSFIELD, Calif., Jul 01, 2005 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) has entered into
zero-cost collars for approximately 10,000 barrels of oil per day for
the period January 1, 2006 through December 31, 2009. Based on WTI
pricing, the floor is $47.50 and the ceiling is $70.00.
Robert Heinemann, chief executive officer and president, stated,
"Crude oil futures prices have increased substantially in recent
months and we believe it is prudent for Berry to lock in a flo... |
| | | 06/29/05 | Berry Petroleum Completes New $500 Million Unsecured Credit Facility| BAKERSFIELD, Calif.--(BUSINESS WIRE)--June 29, 2005--Berry
Petroleum Company (NYSE:BRY) successfully completed a new $500 million
unsecured five-year credit facility arranged and managed by Wells
Fargo Bank with Societe Generale, BNP Paribas and Citibank (West)
participating in various agent roles. The new credit facility
recognizes Berry's strong financial profile and replaces the previous
$200 million facility that was scheduled to mature in mid-2006. The
amount of outstanding debt curr... |
| | | 06/27/05 | Berry Petroleum Acquires Acreage in North Dakota| BAKERSFIELD, Calif.--(BUSINESS WIRE)--June 27, 2005--Berry
Petroleum Company (NYSE:BRY) announced that it acquired interests in
approximately 20,000 gross acres in the Williston Basin of North
Dakota; and is in the process of purchasing additional interests in
another 100,000 gross acres in the area. These acquisitions, totaling
approximately $9 million, represent another step in diversifying
Berry's asset base and provide the Company an entry into the emerging
Bakken oil play in the Will... |
| | | 06/09/05 | Berry Petroleum Company Announces $50 Million Share Repurchase Plan| BAKERSFIELD, Calif.--(BUSINESS WIRE)--June 9, 2005--Berry
Petroleum Company (NYSE:BRY) today announced that its Board of
Directors has authorized a share repurchase program for up to an
aggregate of $50 million of the Company's outstanding Class A Common
Stock. The Company presently has approximately 22 million shares
outstanding.
Robert Heinemann, president and chief executive officer stated,
"We believe our shares provide an excellent investment opportunity as
we have delivered c... |
| | | 06/07/05 | Berry Petroleum Ranked # 44 on BusinessWeek 'Hot Growth' Companies List| BAKERSFIELD, Calif.--(BUSINESS WIRE)--June 7, 2005--Berry
Petroleum Company (NYSE:BRY), an independent oil and gas producer
headquartered in Bakersfield, California with production in
California, Utah and Colorado, made its first appearance in
BusinessWeek magazine's list of "Hot Growth" companies. In the special
report on the 100 best small companies as calculated by BusinessWeek,
Berry ranked number 44, based on various three-year measures.
Robert F. Heinemann, president and chief... |
| | | 05/20/05 | Company Profile for Berry Petroleum Company| --(BUSINESS WIRE)--Berry Petroleum Company (NYSE:BRY) is an
independent energy company engaged in the production, development,
acquisition, exploitation and exploration of crude oil and natural
gas. Incorporated in Delaware in 1985 and publicly traded since 1987,
Berry traces its roots in California oil production back to 1909.
Currently, Berry's principal reserves and producing properties are
located in the San Joaquin Valley, Los Angeles and Ventura Basins in
CA, the Uinta Basin in nort... |
| | | 05/03/05 | Berry Petroleum Company Modifies Its 2005 Equity Incentive Plan| BAKERSFIELD, Calif.--(BUSINESS WIRE)--May 3, 2005--Berry Petroleum
Company (NYSE:BRY) announced that the Board of Directors has reviewed
the 2005 Equity Incentive Plan ("Plan") that is to be brought to a
shareholder vote during Berry's Annual Meeting of Shareholders on May
11, 2005. Berry's Board has deleted paragraph 8(e) to the Plan. With
this change, Berry will not buyback, exchange or re-price options
without shareholder consent.
Berry Petroleum Company is a publicly traded inde... |
| | | 05/03/05 | Berry Petroleum Reports First Quarter 2005 Results| BAKERSFIELD, Calif., May 03, 2005 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) announced net income
of $22.5 million, or $1.00 per diluted share for the first quarter of
2005, up 116% from net income of $10.4 million, or $.47 per diluted
share in the first quarter of 2004. Revenues rose to a record $88
million in the quarter, up 54% from $57.3 million in the first quarter
of 2004. The Company's average daily production of 22,047 barrels of
oil equivalent (BOE) increased by 14% ove... |
| | | 04/25/05 | CORRECTED: Berry Petroleum Company to Release First Quarter 2005 Earnings and Hold Conference Call May 3, 2005| BAKERSFIELD, Calif.--(BUSINESS WIRE)--April 25, 2005--Berry
Petroleum Company (NYSE:BRY), an independent oil and gas producer,
will announce its financial results for the first quarter ended March
31, 2005 before the market opens on Tuesday, May 3, 2005 and will hold
a conference call that morning at 11 a.m. ET (8 a.m. PT) to discuss
those results.
The call may be accessed domestically by dialing 866-800-8651 with
passcode 75154868 or internationally by dialing 617-614-2704 with
pa... |
| | | 04/25/05 | Berry Petroleum Company to Release First Quarter 2005 Earnings and Hold Conference Call May 3, 2005| BAKERSFIELD, Calif., Apr 25, 2005 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY), an independent oil
and gas producer, will announce its financial results for the first
quarter ended March 31, 2005 before the market opens on Tuesday, May
3, 2005 and will hold a conference call that morning at 11 a.m. ET (8
a.m. PT) to discuss those results.
The call may be accessed domestically by dialing 866-880-8651 with
passcode 75154868 or internationally by dialing 617-614-2704 with
passco... |
| | | 04/18/05 | Webcast Alert: Berry Petroleum Company Announces Its 2005 Oil and Gas Investment Symposium New York Webcast| WASHINGTON--(BUSINESS WIRE)--April 18, 2005--Berry Petroleum
Company (NYSE: BRY) announces the following Webcast:
What: Berry Petroleum Company 2005 IPAA Oil and Gas Investment
Symposium - New York Webcast
When: April 19, 2005 @ 02:25 PM Eastern
Where: http://www.vcall.com/CEPage.asp?ID=91353
How: Live over the Internet -- Simply log on to the web at the
address above.
Contact: Todd Crabtree - Ph. 866-472-8279
If you are u... |
| | | 03/07/05 | Berry Petroleum Announces Record 2004 Results| BAKERSFIELD, Calif., Mar 07, 2005 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY) announced record
fourth quarter 2004 net income of $25.3 million, or $1.13 per diluted
share, an increase of 169% compared to prior-year fourth quarter net
income of $9.4 million, or $.42 per diluted share. The Company
achieved record annual earnings in 2004 of $69.2 million, or $3.08 per
diluted share which was 114% higher than the $32.4 million, or $1.47
per diluted share, the Company achieved in 2003... |
| | | 02/18/05 | Berry Petroleum Postpones 2004 Earnings Release| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 18, 2005--Berry
Petroleum Company (NYSE:BRY) is postponing its fourth quarter and
year-end 2004 earnings news release and conference call due to delays
caused by the additional heavy workload on the Company in finalizing
the year-end results and the Section 404 of Sarbanes Oxley internal
control report. Additionally, the Company is currently assessing its
accounting method for allocating cogeneration costs between
electricity and oil and gas oper... |
| | | 02/09/05 | Berry Petroleum Company to Release Fourth Quarter and Year-End 2004 Earnings and Hold Conference Call February 22, 2005| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 9, 2005--Berry
Petroleum Company (NYSE:BRY), an independent oil and gas producer,
will announce its financial results for the fourth quarter and year
ended December 31, 2004 before the market opens on Tuesday, February
22, 2005 and will hold a conference call that morning at 11 a.m. ET (8
a.m. PT) to discuss those results.
The call may be accessed domestically by dialing 888-396-2384 with
passcode 53475179 or internationally by dialing 617-... |
| | | 01/28/05 | Berry Petroleum Closes Acquisition of Yuma County Niobrara Gas Assets| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Jan. 28, 2005--Berry
Petroleum Company (NYSE:BRY) has closed the previously announced
acquisition of Yuma County, Colorado, Niobrara natural gas assets from
J-W Operating Company. The acquisition consists of a 52% working
interest ownership (43% net revenue interest) in approximately 130,000
gross acres and over 650 producing gas wells concentrated in 20
productive fields in northeastern Colorado, as well as 100% ownership
in certain gas compression a... |
| | | 01/25/05 | Berry Petroleum Signs Agreement to Purchase and Develop 345,000 Acres of Niobrara Assets| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Jan. 25, 2005--Berry
Petroleum Company (NYSE:BRY) has entered into an agreement to purchase
a 50% working interest in 345,000 prospective acres from Bill Barrett
Corporation (NYSE:BBG). Berry and Bill Barrett Corporation will
jointly explore and develop shallow Niobrara gas assets on the
acreage, which is located in eastern Colorado, western Kansas and
southwestern Nebraska (the Tri-State acreage). Berry will pay
approximately $5 million for its 50% w... |
| | | 01/19/05 | Berry Petroleum Announces $100 Million Capital Budget for 2005| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Jan. 19, 2005--Berry
Petroleum Company (NYSE:BRY) set its 2005 capital budget at $100
million, directed toward the development of new reserves and the
increase of oil and gas production. With $63 million allocated for the
Rocky Mountain region and $37 million for California, the Company
expects to drill 134 new wells in the Rockies and 76 new wells in
California, and perform 43 workovers in the Rockies and 38 in
California, according to Robert F. Hein... |
| | | 12/09/04 | Berry Petroleum Company Promotes Shawn Canaday to Treasurer| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Dec. 9, 2004--Berry
Petroleum Company (NYSE:BRY) announced the promotion of Shawn Canaday
to the position of treasurer, effective December 1, 2004. Mr. Canaday
joined Berry in 2003 as a senior financial analyst and has worked
under the direction of Ralph Goehring, executive vice president and
chief financial officer, and Kenneth Olson, corporate
secretary/treasurer. The Company is dividing the role of corporate
secretary/treasurer, with Mr. Olson cont... |
| | | 12/07/04 | Berry Petroleum Signs Development Agreement on Additional Uinta Basin Acreage| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Dec. 7, 2004--Berry
Petroleum Company (NYSE:BRY) announced a Development Agreement with
Petro-Canada Resources (USA) Inc., to develop Petro-Canada's Coyote
Flats Prospect in the Uinta Basin in northeast Utah. Berry will be the
operator and upon completing a defined drilling program, will own 50%
of approximately 72,000 undeveloped acres. The Company estimates its
total obligation under this agreement to be approximately $10.3
million and will vary bas... |
| | | 12/06/04 | Berry Petroleum Acquires Natural Gas Assets in Northeastern Colorado| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Dec. 6, 2004--Berry
Petroleum Company (NYSE:BRY) announced a Purchase and Sale Agreement
with J-W Operating Company and others to acquire their interests in
the Niobrara fields in northeastern Colorado for approximately $110
million. These properties consist of over 130,000 gross acres and the
Company, as operator, will have a working interest of approximately
52%. Current production, net to Berry's interest, is 9 MMcf (million
cubic feet) of natural ... |
| | | 11/11/04 | Berry Petroleum Company Recipient of Bureau of Land Management's ``2004 California State Director's Award''| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Nov. 11, 2004--Berry
Petroleum Company (NYSE:BRY) received the Bureau of Land Management's
"2004 California State Director's Award" for excellence in oil and gas
producing operations at the McVan property in California's Poso Creek
field. Berry employees Leo Martinez and John Hess accepted the award
on behalf of the company from Richard Grabowski, deputy state director
of the California BLM, at the 2004 Oil and Gas Conference held in
Bakersfield Novem... |
| | | 10/26/04 | Berry Petroleum Net Income Increases 133% to a Record $.82 Per Share for Third Quarter 2004| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Oct. 26, 2004--Berry
Petroleum Company (NYSE:BRY) reported record net income for the third
quarter ended September 30, 2004 of $18.2 million, or $.82 per diluted
share, an increase of 133% compared to prior-year third quarter net
income of $7.8 million, or $.35 per diluted share. This is the fifth
consecutive quarter of increased earnings and the twenty-third
consecutive quarter of positive earnings for the Company, according to
Robert F. Heinemann, p... |
| | | 10/19/04 | Berry Petroleum to Release Third Quarter 2004 Earnings, Hold Conference Call October 26, 2004| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Oct. 19, 2004--Berry
Petroleum Company (NYSE:BRY), an independent oil and gas producer,
will announce its financial results for the third quarter ended
September 30, 2004 before the market opens on Tuesday, October 26,
2004 and will hold a conference call that morning at 11 a.m. ET (8
a.m. PT) to discuss those results.
The call may be accessed domestically by dialing 800-322-5044 with
passcode 78745883 or internationally by dialing 617-614-4927 ... |
| | | 09/27/04 | Berry Petroleum Presentation at September 28, 2004 IPAA Oil and Gas Investment Symposium to Be Webcast| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Sept. 27, 2004--Berry
Petroleum Company's (NYSE:BRY) president and CEO, Robert F. Heinemann,
will present September 28, 4:10 p.m. Pacific Time to the investment
community via live webcast at the Independent Petroleum Association of
America's Oil and Gas Investment Symposium in San Francisco, CA. A
replay will be available one hour after the presentation and will be
accessible for 120 days.
This presentation is being webcast by CCBN and can also ... |
| | | 08/31/04 | Berry Petroleum Company to Increase Its Dividend and Capital Budget| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Aug. 31, 2004--Berry
Petroleum Company (NYSE:BRY) today announced that its Board of
Directors has authorized a $.04 per share increase in its annual
dividend, a special dividend of $.06 per share and an increase in its
capital budget to $70 million.
The regular quarterly dividend is being increased by 9%, from $.11
to $.12 per share, beginning with the September 2004 dividend. The
regular quarterly dividend along with the special dividend of $.0... |
| | | 08/09/04 | Berry Petroleum Reports Record Second Quarter 2004 Net Income of $.68 Per Share| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Aug. 9, 2004--Berry
Petroleum Company (NYSE:BRY) earned record net income for the second
quarter ended June 30, 2004 of $15.3 million, or $.68 per diluted
share, an increase of 212% compared to prior-year second quarter net
income of $4.9 million, or $.22 per diluted share. This is the fifth
consecutive quarter of increased earnings and the twenty-second
consecutive quarter of positive earnings for the Company, according to
Robert F. Heinemann, presid... |
| | | 07/26/04 | Berry Petroleum Reschedules Earnings Release; Expects Record Earnings in Second Quarter of 2004; Revises Accounting Treatment for Stock Options| BAKERSFIELD, Calif.--(BUSINESS WIRE)--July 26, 2004--Berry
Petroleum Company (NYSE:BRY) announced that its earnings release and
conference call for the second quarter of 2004 are rescheduled for
August 9, 2004. The Company expects to announce record earnings in the
second quarter that ended June 30, 2004.
The Company will be revising its accounting method to use variable
accounting for the expensing of stock options. This accounting method
requires a mark-to-market calculation of th... |
| | | 07/19/04 | Berry Petroleum to Acquire Additional Uinta Basin Acreage; Commits to Exploration and Development Program| BAKERSFIELD, Calif.--(BUSINESS WIRE)--July 19, 2004--Berry
Petroleum Company (NYSE:BRY) announced that it and an industry partner
have entered into a joint Exploration and Development Agreement with
the Ute Indian Tribe to explore and develop approximately 125,000
prospective acres of tribal lands in the Uinta Basin in Utah. The
Company also agreed to purchase an interest in 46,000 acres of fee
lands adjacent to or near the tribal acreage. This 171,000 acre block
(over 265 square miles) i... |
| | | 07/16/04 | Berry Petroleum Company Announces July 27, 2004 Conference Call Regarding Second Quarter 2004 Earnings and Operating Results| BAKERSFIELD, Calif.--(BUSINESS WIRE)--July 16, 2004--Berry
Petroleum Company (NYSE:BRY), an independent oil and gas producer,
will hold its quarterly conference call to discuss second quarter 2004
earnings and operating results on Tuesday, July 27, 2004, at 11:00
a.m. Eastern Time (8:00 a.m. Pacific Time).
The call may be accessed domestically by dialing 888-396-2356 with
passcode 50267860 or internationally by dialing 617-847-8709 with
passcode 50267860.
This call is being w... |
| | | 06/16/04 | Berry Petroleum Company Names Robert Heinemann CEO| BAKERSFIELD, Calif.--(BUSINESS WIRE)--June 16, 2004--The board of
directors of Berry Petroleum Company (NYSE:BRY) announced that Martin
H. Young, Jr. was named chairman of the board, and Robert F. Heinemann
was named president and chief executive officer, effective
immediately. Mr. Heinemann has served as chairman, interim president
and chief executive officer since April 2004.
Mr. Young commented, "The board of directors is very pleased Bob
has agreed to make a full-time commitment... |
| | | 05/17/04 | Berry Petroleum Company to Provide Live Webcast of May 20, 2004 Annual Shareholder Meeting| BAKERSFIELD, Calif., May 17, 2004 (BUSINESS WIRE) -- Berry
Petroleum Company (NYSE: BRY), an independent oil and gas producer,
will provide a live webcast of its annual shareholder meeting to be
held in Bakersfield, Calif., on Thursday, May 20, 2004, at 3:30 p.m.
Pacific time. Participation via the web will be in a listen-only
format. A web-based replay of the meeting will also be available for
60 days following the meeting.
This event is being webcast by CCBN/Thompson and can be acce... |
| | | 05/14/04 | Berry Petroleum Company Designates Interim Governance Procedures and Names Search Committee| BAKERSFIELD, Calif.--(BUSINESS WIRE)--May 14, 2004--Berry
Petroleum Company (NYSE:BRY) announced that the board of directors has
formed a Search Committee to direct the process leading to the naming
of a permanent president and chief executive officer. The Search
Committee consists of Mr. Martin H. Young, Chairman, Mr. Ralph B.
Busch, III, and Mr. John A. Hagg.
During this period, while Mr. Robert Heinemann serves as interim
president and chief executive officer as well as chairman ... |
| | | 05/05/04 | Berry Petroleum Achieves Record Quarterly Earnings and Production Results| BAKERSFIELD, Calif.--(BUSINESS WIRE)--May 5, 2004--Berry Petroleum
Company (NYSE:BRY) announced record net income of $12.1 million, or
$.55 per diluted share, for the first quarter of 2004, an increase of
32% compared to prior-year first quarter net income of $9.2 million,
or $.42 per diluted share. Results for 2003 included an after-tax
charge of $1.4 million, or $.06 per diluted share, attributable to an
unsuccessful coalbed methane pilot project and associated leasehold
acreage in Kans... |
| | | 04/26/04 | Berry Petroleum Company Announces the Retirement of Jerry V. Hoffman| BAKERSFIELD, Calif.--(BUSINESS WIRE)--April 26, 2004--Berry
Petroleum Company (NYSE:BRY) announced that effective today, Mr. Jerry
V. Hoffman is retiring as president and chief executive officer of
Berry Petroleum Company for personal and health reasons. Mr. Robert F.
Heinemann, the current chairman of the board, has been named interim
president and chief executive officer. The board is immediately
proceeding to engage in a search for a successor president and chief
executive officer.
... |
| | | 04/26/04 | Berry Petroleum Company Announces Conference Call Regarding First Quarter 2004 Earnings and Operating Results| BAKERSFIELD, Calif.--(BUSINESS WIRE)--April 26, 2004--Berry
Petroleum Company (NYSE: BRY), an independent oil and gas producer,
will hold its quarterly conference call to discuss first quarter 2004
earnings and operating results on Wednesday, May 5, 2004, at 11:00
a.m. Eastern Time (8:00 a.m. Pacific Time).
This call is being webcast by CCBN and can be accessed at Berry's
web site at www.bry.com.
The webcast is also being distributed over CCBN's Investor
Distribution Network ... |
| | | 04/02/04 | Berry Petroleum Names Robert F. Heinemann Chairman of the Board| BAKERSFIELD, Calif.--(BUSINESS WIRE)--April 2, 2004--Berry
Petroleum Company (NYSE:BRY) announced that effective April 1, 2004,
Mr. Robert F. Heinemann has been named chairman of the board. Mr.
Heinemann joined the board of directors in 2002 and is currently a
consultant in the energy industry. From 2000 until 2002, Mr. Heinemann
served as senior vice president and chief technology officer of
Halliburton Company and prior to 2000, he served in various positions
for Mobil Oil Corporation, ... |
| | | 02/27/04 | Company Profile for Berry Petroleum Company| --(BUSINESS WIRE)--Berry Petroleum Company (NYSE:BRY) is an
independent energy company engaged in the production, development,
acquisition, exploitation and exploration of crude oil and natural
gas. While the Company was incorporated in Delaware in 1985 and has
been a publicly traded company since 1987, it can trace its roots in
California oil production back to 1909. Currently, Berry's principal
reserves and producing properties are located in the San Joaquin
Valley, Los Angeles and Vent... |
| | | 02/18/04 | Berry Petroleum Achieves Record Quarterly Earnings and Reports 2003 Results| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 18, 2004--Berry
Petroleum Company (NYSE:BRY) announced record net income of $10.6
million, or $.48 per diluted share, during the fourth quarter of 2003,
an increase of 51% compared to prior-year fourth quarter net income of
$7 million, or $.32 per diluted share. Net cash provided by operating
activities increased to $24.8 million during the fourth quarter, up
56% from $15.9 million during the prior year's fourth quarter.
Included in the fourth qu... |
| | | 02/05/04 | Berry Petroleum Announces Fourth Quarter and Full Year 2003 Earnings Conference Call| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 5, 2004--Berry
Petroleum Company (NYSE: BRY), an independent oil and gas producer,
will hold its quarterly conference call to discuss fourth quarter and
full year 2003 earnings and operating results on Wednesday, February
18, 2004, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time).
This call is being webcast by CCBN and can be accessed at Berry's
web site at www.bry.com.
The webcast is also being distributed over CCBN's Investor
Di... |
| | | 01/12/04 | Berry Petroleum Company Sets $50Million Capital Program for 2004; Announces Production Targets| BAKERSFIELD, Calif., Jan 12, 2004 (BUSINESS WIRE) -- Berry
Petroleum Company (NYSE:BRY) announced the board of directors approved
a 2004 capital expenditure budget of approximately $50 million
directed at increasing production and reserves through development and
exploitation, according to Jerry V. Hoffman, chairman, president and
chief executive officer.
Hoffman continued, "For 2004 the Company will have its largest
capital budget in its history. Approximately two-thirds of the budge... |
| | | 11/06/03 | Berry Petroleum Earns $.36 Per Share in Third Quarter 2003| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Nov. 6, 2003--Berry
Petroleum Company (NYSE:BRY) announced net income of $8 million, or
$.36 per diluted share for the third quarter ended September 30, 2003,
up 5% compared to net income of $7.6 million, or $.35 per diluted
share for the same period in 2002. Earnings were higher due to
increased production and higher crude oil prices.
Oil and gas production, including the recent Brundage Canyon
acquisition, was a record 16,482 barrels of oil eq... |
| | | 08/28/03 | Berry Petroleum Closes $48.6 Million Uinta Basin Acquisition; Proceeds with Drilling Program| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Aug. 28, 2003--Berry
Petroleum Company (NYSE:BRY) announced that it has closed the
acquisition of the Brundage Canyon, Utah properties in the Uinta
Basin, with an effective date of April 1, 2003. These assets were
purchased for $48.6 million from Williams Production RMT Company, a
unit of Williams (NYSE:WMB). The Brundage Canyon properties are
currently producing approximately 1,800 net barrels of oil equivalent
(BOE) per day of light crude oil and na... |
| | | 08/28/03 | Berry Petroleum Completes Sale of an Interest in Kansas Acreage| BAKERSFIELD, Calif., Aug 28, 2003 (BUSINESS WIRE) -- Berry
Petroleum Company (NYSE:BRY) announced it closed the sale of
approximately 43,000 net acres of non-producing leases to Evergreen
Resources, Inc. (NYSE:EVG). The acreage, which contains coalbed
methane potential and is located in the Forest City Basin of eastern
Kansas, was sold for an undisclosed amount. Under the terms of the
sale, Berry will retain an overriding royalty interest.
In a separate transaction, Berry purchased ap... |
| | | 08/06/03 | Berry Petroleum Earns $6.5 Million in Second Quarter| BAKERSFIELD, Calif.--(BUSINESS WIRE)--Aug. 6, 2003--Berry
Petroleum Company (NYSE:BRY) announced net income of $6.5 million, or
$.30 per share for the second quarter ended June 30, 2003, compared to
net income of $6.8 million, or $.31 per share for the same period in
2002. Revenues in the second quarter of 2003 of $40.1 million were up
21% from revenues of $33.2 million in the same period of 2002 due to
increased heavy crude oil prices and production levels. Net income for
the second quar... |
| | | 07/22/03 | Berry Petroleum Sells an Interest in Kansas Acreage| BAKERSFIELD, Calif.--(BUSINESS WIRE)--July 22, 2003--Berry
Petroleum Company (NYSE:BRY) entered into a definitive agreement to
sell approximately 43,000 net acres of non-producing leases located in
the Forest City Basin of eastern Kansas that contain coalbed methane
potential to Evergreen Resources, Inc. (NYSE:EVG). Under the
agreement, Berry will receive an undisclosed amount of cash, which
covers its costs in this acreage, and will retain an overriding
royalty interest. The completion o... |
| | | 07/14/03 | Berry Petroleum Completes New $200 Million Unsecured Credit Facility| BAKERSFIELD, Calif--(BUSINESS WIRE)--July 14, 2003--Berry
Petroleum Company (NYSE:BRY) announced the successful completion of a
$200 million unsecured three-year credit facility arranged and managed
by Wells Fargo Bank. Bank of America acted as Co-Lead Arranger with
Union Bank of California, Fleet National Bank and BNP Paribas in
various Agent roles. Other participating banks include Bank of
Scotland, Comerica Bank, Citibank(West), MidFirst Bank and Societe
Generale. The new credit facili... |
| | | 05/28/03 | Webcast Alert: Berry Petroleum Company Announces Its 2003 Annual Shareholder Meeting Webcast Replay| BAKERSFIELD, Calif., May 28 /PRNewswire/ -- Berry Petroleum Company
(NYSE: BRY) announces the following Webcast:
What: Berry Petroleum Company 2003 Annual Shareholder Meeting Webcast
Replay
When: May 28, 2003 @ 1:00 PM Eastern
Where: http://www.vcall.com/EventPage.asp?ID=83977
How: Live over the Internet -- Simply log on to the web at the
address above.
If you are unable to participate during the live webcast, ... |
| | | 05/08/03 | Berry Petroleum Earns $9.2 Million in First Quarter 2003| BAKERSFIELD, Calif., May 8, 2003 (BUSINESS WIRE) -- Berry Petroleum
Company (NYSE:BRY) today announced net income for the first quarter
ended March 31, 2003 of $9.2 million, or $.42 per share, on revenues
of $47.3 million, up 7% from net income of $8.6 million, or $.40 per
share in the first quarter of 2002 and up 31% from net income of $7.0
million, or $.32 per share in the fourth quarter of 2002. Results in
the first quarter of 2003 included the pre-tax write-off of $2.5
million for the... |
| | | 04/24/03 | Berry Petroleum Company to Acquire Uinta Basin Properties| BAKERSFIELD, Calif., Apr 24, 2003 (BUSINESS WIRE) -- Berry
Petroleum Company (NYSE:BRY) today announced that it has entered into
a Purchase and Sale Agreement with Williams Production RMT Company, a
unit of Williams (NYSE:WMB), to acquire its Brundage Canyon, Utah,
properties in the Uinta Basin for approximately $49 million. The
Brundage Canyon properties, located in northeastern Utah, consist of
approximately 43,500 net acres, and are currently producing
approximately 2,200 net BOE per d... |
| | | 04/08/03 | Berry Petroleum Company Announces a 10% Dividend Increase and a 10% Special Dividend| BAKERSFIELD, Calif.--(BUSINESS WIRE)--April 8, 2003--Berry
Petroleum Company (NYSE:BRY) today announced that its Board of
Directors has authorized a 10% increase in its quarterly dividend and
a special dividend of $.04 per share. The Company has approximately
21.8 million shares presently outstanding.
The special dividend of $.04 per share will be paid on May 2, 2003
to shareholders of record on April 18, 2003. The regular quarterly
dividend is being increased by 10%, from $.10 to $... |
| | | 02/13/03 | Berry Petroleum's 2002 Earnings Rose 37% in 2002 to $30 Million| BAKERSFIELD, Calif., Feb 13, 2003 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY) today announced net income of $30 million, or $1.38 per share
(basic), on revenues of $132.6 million for the year ended December 31, 2002, up
37% from $21.9 million, or $1.00 per share (basic), on revenues of $138.5
million for the year ended December 31, 2001. These results represent Berry's
second highest net income ever. Net income for 2001 was adversely affected by a
$4 million after-tax charge for ... |
| | | 02/06/03 | Berry Petroleum Company Engages Mr. Logan Magruder as Acquisition Consultant| BAKERSFIELD, Calif., Feb 6, 2003 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY) today announced that Mr. Logan Magruder has been engaged by the
Company effective February 1, 2003, to assist the Company in evaluating and
negotiating oil and gas opportunities in the Rockies and the Mid-continent. In
addition, Berry will open an office in Denver, Colorado to facilitate these
efforts.
Mr. Magruder was previously the Vice President, US Operations for Calpine
Natural Gas Company in De... |
| | | 01/15/03 | Berry Petroleum Company Sets $27.6 Million Capital Budget for 2003|
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Jan. 15, 2003--Berry
Petroleum Company (NYSE:BRY) today stated that its capital budget for
2003 is $27.6 million. This amount excludes any capital for future
acquisitions.
Jerry V. Hoffman, Chairman, President and Chief Executive Officer
stated, "We have another aggressive capital program planned for 2003,
down just slightly from the $30.5 million expended for 2002. We expect
the sustained activity of drilling and increased ste... |
| | | 11/12/02 | Berry Petroleum Earns $7.6 Million in Third Quarter 2002, up 29% from Third Quarter 2001|
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Nov. 12, 2002--Berry
Petroleum Company (NYSE:BRY) today announced net income for the third
quarter ended September 30, 2002 of $7.6 million, or $.35 per share,
on revenues of $35.3 million, up 29% from $5.9 million, or $.27 per
share, on revenues of $33.1 million in the third quarter of 2001. Net
income for the nine months ended September 30, 2002 was $23.0 million,
or $1.06 per share, on revenues of $95.9 million, up 28% from $17.9
mill... |
| | | 10/30/02 | Berry Petroleum Company Drills Five Pilot Gas Wells on Its Newly-Acquired Acreage in the Illinois Basin| BAKERSFIELD, Calif., Oct 30, 2002 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY) today announced the drilling of five coal bed methane (CBM) pilot
wells in the Illinois Basin. Prior to drilling, the Company acquired a leasehold
position and has supplemented that acreage position by leasing additional
mineral rights from private individuals. Currently the Company has accumulated
over 44,000 acres in Illinois. The Company intends to pursue the development of
CBM production as part of ... |
| | | 10/16/02 | Berry Petroleum Employee Receives National Recognition: BLM Names Berry ``California Operator of The Year''| BAKERSFIELD, Calif., Oct 16, 2002 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY) today announced that employee Jeff Jones, a staff production
engineer, was awarded the Production Engineering Award by the International
Society of Petroleum Engineers at the Annual SPE Technical Conference earlier
this month. This award recognizes outstanding achievements in, or contributions
to, the advancement of the discipline of production engineering. The section
officers of the local San Joaquin ... |
| | | 09/10/02 | Berry Petroleum Company Leases Acreage in Cherokee Basin, Kansas| BAKERSFIELD, Calif., Sep 10, 2002 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY), announced today that it has leased mineral rights in over 170,000
acres, all private lands, in the Cherokee Basin in Eastern Kansas, with the
intent to test and develop coalbed methane (CBM) natural gas production from the
multiple coal seams underlying the acreage. The Company purchased mineral leases
in approximately 110,000 acres of this total acreage position in a single
transaction from El Paso Pr... |
| | | 08/26/02 | Berry Petroleum Company Climbs to No. 40 on Fortune's List of America's 100 Fastest-Growing Companies| BAKERSFIELD, Calif., Aug 26, 2002 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY), an independent heavy oil producer located in Kern County,
California, made its second annual appearance in Fortune magazine's September
2002 list of "America's 100 Fastest-Growing Companies." Berry was ranked number
40, up from number 88 in last year's rankings, based on various three-year
measures.
To achieve the honor of being included in this list, companies had to record 1)
annual sales and ear... |
| | | 07/31/02 | Berry Petroleum Earns $6.8 Million in Second Quarter 2002| BAKERSFIELD, Calif., Jul 31, 2002 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY) today announced net income for the second quarter ended June 30,
2002, of $6.8 million, or $.31 per share, on revenues of $33.2 million, down 3%
from $7 million, or $.32 per share, on revenues of $29.4 million in the second
quarter of 2001. The second quarter of 2002 includes a pre-tax sale of $1.1
million of emission credits to a utility company which were deemed to be surplus
by Company management.
... |
| | | 07/09/02 | Berry Petroleum Company Ranked 28 in Fortune Small Business 100 List| BAKERSFIELD, Calif., Jul 9, 2002 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY), an independent heavy oil producer located in Kern County,
California, was ranked number 28 in Fortune Small Business (FSB) magazine's
July/August 2002 listing of the 100 fastest-growing small companies in America.
The FSB 100, compiled by Zacks Investment Research, was created from the
universe of public companies that trade on the major exchanges with $200 million
or less in annual revenues and a st... |
| | | 05/29/02 | Berry Petroleum Company Allows Consulting Agreement to Expire| BAKERSFIELD, Calif., May 29, 2002 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY) today announced that its January 21, 2002 agreement with Tristone
Capital Advisors will terminate on June 30, 2002 and will not be renewed. The
Company continues its efforts in furtherance of its growth by acquisition
strategy and is investigating numerous opportunities both in the continental
United States and in Canada.
Berry Petroleum Company is a publicly traded independent oil and gas production... |
| | | 05/07/02 | Berry Petroleum Earns $8.6 Million in First Quarter 2002| BAKERSFIELD, Calif., May 7, 2002 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY) today announced net income for the first quarter ended March 31, 2002
of $8.6 million, or $.40 per share, on revenues of $27.4 million, up 72% from $5
million, or $.23 per share, on revenues of $48.5 million in the first quarter of
2001 and $4 million, or $.19 per share, on revenues of $27.5 million in the
fourth quarter of 2001. Pre-tax income for the first quarter of 2002 included
$3.6 million from the... |
| | | 04/01/02 | Berry Petroleum Company Names Cropper and Heinemann to Board of Directors| BAKERSFIELD, Calif., Apr 1, 2002 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY) announced that Stephen L. Cropper and Robert F. Heinemann were
elected to the Board of Directors, effective March 28, 2002.
Jerry Hoffman, Chairman, President and Chief Executive Officer of Berry
Petroleum Company said, "The addition of these two men will strengthen our
already strong Board. Besides being accomplished businessmen in their own fields
of expertise, each brings a unique perspective to ou... |
| | | 03/18/02 | Berry Petroleum Company Relocates to Bakersfield| TAFT, Calif., Mar 18, 2002 (BUSINESS WIRE) -- Berry Petroleum Co. (NYSE:BRY)
announced that it has completed the relocation of its corporate headquarters to
Bakersfield, Calif. from Taft.
Its new address is:
Berry Petroleum Company
5201 Truxtun Ave., Suite 300
Bakersfield, CA 93309-0640
Phone 661/616-3900
Berry Petroleum Co. is a publicly traded independent oil and gas production and
exploitation company located in California. Visit www.bry.com for more
in... |
| | | 03/01/02 | Berry Petroleum Receives $13.5 Million From Edison| TAFT, Calif., Mar 1, 2002 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY)
announced that it has received today $13.5 million from Southern California
Edison Company (Edison) in full payment of electricity sales delivered from
November 2000 through March 26, 2001.
The Company has $9.3 million booked as a current receivable for these sales, and
thus will record $4.2 million in pre-tax income in the first quarter of 2002 due
to this collection.
Ralph J. Goehring, Senior Vice Pres... |
| | | 02/12/02 | Berry Petroleum Earns $21.9 Million in 2001| TAFT, Calif., Feb 12, 2002 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY) today announced net income of $21.9 million, or $1.00 per share, on
revenues of $139 million for the year ended December 31, 2001, compared to net
income of $37.2 million, or $1.69 per share, on revenues of $172 million in
2000. For the fourth quarter ended December 31, 2001, the Company reported net
income of $4 million, or $.19 per share, on revenues of $27.5 million, compared
to $9.9 million, or $.45 per sh... |
| | | 02/06/02 | Berry Petroleum Hires Michael Duginski as Vice President of Corporate Development|
TAFT, Calif.--(BUSINESS WIRE)--Feb. 6, 2002--Berry Petroleum
Company (NYSE:BRY) today announced that it has employed Mr. Michael
Duginski as Vice President of Corporate Development effective February
4, 2002. Mr. Duginski, an MBA and petroleum engineer was most recently
responsible for new business development and gas and power operations
for Texaco, Inc. in California and Southeast Asia. Michael has also
held positions responsible for acquisitions, divestitures and
associated negot... |
| | | 12/05/01 | Berry Petroleum States Impact of Its Enron Transactions| TAFT, Calif., Dec 5, 2001 (BUSINESS WIRE) -- Berry Petroleum Company (NYSE:BRY)
announced today that it has analyzed the potential consequences of its
relationship with Enron Corporation and its subsidiaries (Enron), and concluded
that Berry has no material exposure to Enron.
Berry's transactions with Enron are limited to financial contracts for hedging a
maximum of 3,000 barrels per day of crude oil sales through May 31, 2002, and a
maximum of 5,000 mmbtu per day of natural gas purchas... |
| | | 11/06/01 | Berry Petroleum Reports Year-to-Date Earnings of $17.9 Million| TAFT, Calif., Nov 6, 2001 (BUSINESS WIRE) -- Berry Petroleum Co. (NYSE:BRY)
today announced net income for the nine months ended Sept. 30, 2001, of $17.9
million, or 81 cents per share, down 34 percent from net income of $27.3
million, or $1.24 per share, for the nine months ended Sept. 30, 2000.
Key nine-month 2001 figures as compared with the nine months of 2000:
-- Revenues of $111 million, down 6 percent from $118 million;
-- Discretionary cash flow (cash flow befor... |
| | | 10/18/01 | Berry Petroleum Company Ranked by Forbes Magazine as One of America's 200 Best Small Companies|
TAFT, Calif.--(BUSINESS WIRE)--Oct. 18, 2001--Berry Petroleum
Company (NYSE:BRY), an independent heavy oil producer located in Kern
County, California, made its first appearance in Forbes magazine's
October 29, 2001 list of "America's 200 Best Small Companies."
Berry was ranked number 87 and was one of only seven oil and gas
producers listed in this year's rankings, and the only California
based oil company to be listed. In August 2001, Berry was honored by
Fortune magazin... |
| | | 09/18/01 | Berry Petroleum Company Announces Plan to Repurchase Up to $20 Million of Its Stock| TAFT, Calif., Sep 18, 2001 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY) today announced that its Board of Directors has authorized a stock
repurchase program for up to an aggregate of $20 million of the Company's
outstanding Class A Common Stock.
The Company has approximately 21.1 million Class A shares presently outstanding.
Jerry Hoffman, Chairman, President and Chief Executive Officer, stated, "We
believe our shares provide an excellent investment opportunity as we have
... |
| | | 09/17/01 | Berry Petroleum Collects $9.3 Million on Sale of Past Due Electricity Receivable| TAFT, Calif., Sep 17, 2001 (BUSINESS WIRE) -- Berry Petroleum Company
(NYSE:BRY) announced today that it has assigned all of its rights, title and
interest in its $12.1 million past due receivable from Pacific Gas and Electric
Company (PG&E) to an undisclosed buyer for $9.3 million.
For the first quarter of 2001, the Company wrote off $3 million, or 25%, of the
$12.1 million electricity receivable as a result of PG&E's bankruptcy filing on
April 6, 2001 and the uncertainty involved in c... |
| | | 09/05/01 | Berry Petroleum Receives $2 Million On Past Due Electricity Receivables|
TAFT, Calif.--(BUSINESS WIRE)--Sept. 5, 2001--Berry Petroleum
Company (NYSE:BRY) today announced that it received $2 million from
Southern California Edison Company (Edison) as a partial payment for
electricity sales delivered from November 2000 through March 26, 2001.
The payment represents 10% of the $15 million due, or $1.5
million, plus all of the accrued interest through September 1, 2001 of
$.5 million which will be recorded in the third quarter of 2001.
Ra... |
| | | 08/23/01 | Berry Petroleum Co. Ranked by Fortune Magazine as One of the 100 Fastest-Growing Companies in the United States|
TAFT, Calif.--(BUSINESS WIRE)--Aug. 23, 2001--Berry Petroleum Co.
(NYSE:BRY), an independent heavy oil producer located in Kern County,
Calif., made its first appearance in Fortune magazine's Sept. 3, 2001
listing of the 100 fastest-growing companies in the United States.
Berry was ranked No. 88 and was one of only six oil and gas
producers listed in this year's rankings.
To make the list, compiled by Zacks Investment Research, companies
had to be based in the Un... |
| | | 08/06/01 | Berry Reports Increase in Profit Over First Quarter of 2001 as Effects of the California Energy Crisis Wane|
TAFT, Calif.--(BUSINESS WIRE)--Aug. 6, 2001--Berry Petroleum Co.
(NYSE:BRY) today announced net income for the second quarter ended
June 30, 2001, of $7.0 million, or 32 cents per share, on revenues of
$29.4 million, up 40 percent from $5.0 million, or 23 cents per share,
on revenues of $48.5 million in the first quarter of 2001, but 21
percent lower than $8.9 million, or 40 cents per share, on revenues of
$36.6 million in the second quarter of 2000.
For the six months end... |
| | | 07/19/01 | Berry Petroleum Enters Agreement With SoCal Edison: Restarts Its 42 Megawatt Cogeneration Facility and Provides Update|
TAFT, Calif.--(BUSINESS WIRE)--July 19, 2001--Berry Petroleum Co.
(NYSE:BRY) today announced that it has entered into an agreement with
Southern California Edison Company (Edison) whereby Edison will buy
all the power generated at Berry's Placerita 42 megawatt (Mw)
cogeneration facility located in northern Los Angeles County, Calif.
This agreement has allowed Berry to restart both 21 Mw units that
had been shut down since February and April 2001 due to nonpayment
and contr... |
| | | 06/15/01 | Berry Petroleum Restarts Its Kern County, Calif., Cogeneration Facilities|
TAFT, Calif.--(BUSINESS WIRE)--June 15, 2001--Effective Thursday,
June 14, 2001, Berry Petroleum Company (NYSE:BRY) refired two of its
cogeneration facilities totaling 56 megawatts, which are located on
its Midway-Sunset heavy oil properties.
Jerry V. Hoffman, Chairman, President, & Chief Executive Officer,
stated, "We reached a major milestone for the Company yesterday as we
successfully restarted these cogeneration facilities and have begun
injecting approximately 20,000... |
| | | 05/08/01 | Berry Petroleum Reports Profitable First Quarter 2001 Results Despite the Impact of California's Electricity Crisis|
TAFT, Calif.--(BUSINESS WIRE)--May 8, 2001--Berry Petroleum Co.
(NYSE:BRY) today announced net income for the first quarter ended
March 31, 2001, of $5.0 million, or $0.23 per share, down 44% and 49%
from $8.9 million, or $0.40 per share, in the first quarter of 2000
and $9.9 million, or $0.45 per share, in the fourth quarter of 2000,
respectively.
The primary reasons for the decline in income from 2000 were an
after-tax charge of $4.2 million related to the non-payment fr... |
| | | 04/18/01 | Berry Petroleum Company Acquires Entry Position in the Powder River Basin|
TAFT, Calif.--(BUSINESS WIRE)--April 18, 2001--Berry Petroleum Co.
(NYSE:BRY) today announced that it has acquired a 15.833 percent
non-operated working interest in the Fort Union coalbed methane leases
in the South Joe Creek Field, Wyoming for $2.1 million.
The effective date of the transaction was April 1, 2001. The
properties are located in the coalbed methane rich fairway of the
Powder River Basin and are comprised of federal, state and fee leases
totaling approximatel... |
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