Berry Petroleum Company News

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Linn Energy to Pay $600M More for Berry Petroleum
Linn Energy raises its purchase price for Berry Petroleum Co by $600 million to $4.9 billion.
7:00 PM EST | November 03, 2013
Linn Energy, LinnCo to Buy Berry Petroleum for $2.5B
Linn Energy, along with its former unit LinnCo, agrees to buy Berry Petroleum for about $2.5B in stock as it aims to expand its geographic presence and bolster production.
7:00 PM EST | February 20, 2013
Berry Petroleum Adds Members to Board
Berry Petroleum announced that Stephen J. Hadden and Michael S. Reddin have been elected to the Board of Directors, effective February 10, 2011.
7:00 PM EST | February 10, 2011
Berry Buys Wolfberry Assets in West Tx.
Berry Petroleum has entered into agreements with a group of sellers to acquire their interests in properties on approximately 9,300 net acres in the Wolfberry trend in West Texas.
8:00 PM EST | October 24, 2010
Berry Petroleum Proposes Public Offering of Common Stock
Berry Petroleum intends to offer 7.0 million shares of its common stock in an underwritten public offering.
7:00 PM EST | January 10, 2010
Berry Petroleum Snaps Up Wolfberry Oil Assets for $126MM
Berry Petroleum has entered into an agreement with a private seller to acquire interests in producing properties principally in the Wolfberry trend in West Texas for approximately $126 million in cash.
7:00 PM EST | January 10, 2010
Berry Petroleum Cites 'Solid' Operating Cost Reductions for 3Q
"Our operating cost reductions have remained solid with a 25% reduction year to date compared to 2008 levels," reported Chief Operating Officer Michael Duginski in Berry Petroleum's third quarter results.
8:00 PM EST | October 29, 2009
Berry Petroleum to Offer Additional 10 1/4% Senior Notes Due 2014
Berry Petroleum intends to publicly offer, subject to market and other conditions, an additional $75 million in aggregate principal amount of its 10 1/4 senior notes due 2014.
8:00 PM EST | August 10, 2009
Berry Petroleum Prices $125MM Additional Sr. Notes Due 2014
Berry Petroleum 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 10 1/4% per year.
8:00 PM EST | August 10, 2009
Berry Petroleum Offers $300MM of Senior Notes
Berry Petroleum intends to publicly offer $300 million aggregate principal amount of senior notes due 2014.
8:00 PM EST | May 14, 2009
Berry Petroleum Completes Sale of Northeastern Colorado Properties
Berry Petroleum has completed the previously announced sale of its mature, non-core assets in the Denver-Julesburg basin.
8:00 PM EST | March 31, 2009
Berry Petroleum Tags 2009 Capital Budget at $100MM
Berry Petroleum has announced a 2009 capital budget of $100 million and is targeting production to average approximately 33,500 boed.
7:00 PM EST | December 07, 2008
Berry Petroleum Increases Bank Commitments to $1.21B
Berry Petroleum has increased its bank commitments to $1.21 billion.
7:00 PM EST | December 03, 2008
Berry Ups Oil in Place Estimate of Diatomite Heavy Oil Asset
Berry Petroleum 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.
8:00 PM EST | August 11, 2008
Berry Soars with 128% Increase in Net Income
Berry Petroleum 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.
8:00 PM EST | July 24, 2008
Berry Promotes Canaday to VP and Controller
Berry Petroleum has promoted Shawn M. Canaday to VP and Controller effective immediately.
8:00 PM EST | June 25, 2008
Berry Replaces 293% of 2007 Production, Increases Proved Reserves
Berry Petroleum Company reported that estimated proved oil and gas reserves increased by 13% to 169 million barrels of oil equivalent (BOE) as of December 31, 2007.
7:00 PM EST | February 06, 2008
Berry Petroleum Sets $295 Million Capital Budget for 2008
Berry Petroleum announced a 2008 capital budget of $295 million, according to Robert F. Heinemann, president and chief executive officer.
7:00 PM EST | December 03, 2007
Berry Petroleum Names Duginski to COO Post
Berry Petroleum Company says that Michael Duginski, 41, has been appointed executive vice president and chief operating officer effective September 1, 2007.
8:00 PM EST | August 30, 2007
Berry Posts Lower Earnings for Q1
Berry Petroleum Co. 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.
8:00 PM EST | May 01, 2007
Berry to Divest West Montalvo Assets
Berry Petroleum Co. has entered into an agreement to sell its non-core West Montalvo assets, near Ventura, California.
8:00 PM EST | March 19, 2007
Berry Petroleum Names Controller, Treasurer
Berry Petroleum Co. has appointed Shawn Canaday, 31, the company's controller and Steven B. Wilson, 43, its treasurer, effective March 2, 2007.
7:00 PM EST | March 05, 2007
Berry Petroleum Announces 2007 Targets for Capital Expenditures
Berry Petroleum announced budgeted capital expenditures of $320 million for 2007 with $267 million allocated for its development and appraisal activities.
7:00 PM EST | December 05, 2006
Berry Reports Q3 Earnings, Record Production
Berry Petroleum Company announced that it earned $31.4 million, or $.70 per diluted share, for the third quarter of 2006.
7:00 PM EST | November 07, 2006
Berry Petroleum Prices Senior Notes
Berry Petroleum 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.
8:00 PM EST | October 19, 2006
Berry Petroleum to Offer $200 Million in Senior Notes
Berry Petroleum intends to publicly offer, subject to market and other customary conditions, $200 million aggregate principal amount of senior subordinated notes due 2016.
8:00 PM EST | October 05, 2006
Berry Petroleum Expands Piceance Basin Asset Base
Berry Petroleum Company has entered into a definitive agreement with EnCana Oil & Gas (USA) Inc. to jointly develop a portion of EnCana's North Parachute Ranch property in the Piceance Basin of western Colorado.
8:00 PM EST | June 07, 2006
Berry Petroleum's Stock Holders Approve Share Split
Berry Petroleum Company 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.
8:00 PM EST | May 16, 2006
Berry Petroleum Reports First Quarter 2006 Results
Berry Petroleum Company 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.
8:00 PM EST | May 08, 2006
Berry Petroleum Says Coyote Flats Declared Commerical
Berry Petroleum Company 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.
8:00 PM EST | May 03, 2006
Berry Petroleum Announces Two-for-One Stock Split
The Board of Directors of Berry Petroleum Company approved a two-for-one split of the Company's Class A Common Stock and Class B Stock.
7:00 PM EST | February 28, 2006
Berry Petroleum's 2005 Earnings Climb 62%
Berry Petroleum Company 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.
7:00 PM EST | February 21, 2006
Berry Petroleum Acquires Natual Gas Assets in the Piceance Basin
Berry Petroleum 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.
7:00 PM EST | January 26, 2006
Berry Petroleum Makes Discovery at Lake Canyon, Utah
Berry Petroleum reports commercial drilling results from its shallow Lake Canyon Prospect in the Uinta Basin of Utah.
7:00 PM EST | January 12, 2006
Berry Petroleum to Repurchase Company Shares
Berry Petroleum Company adopted a plan under Rule 10b5-1 of the Securities Exchange Act of 1934 to facilitate the repurchase of its shares of common stock.
7:00 PM EST | December 27, 2005
Berry Petroleum Targets Capital Expenditures of $160 Million in 2006
Berry Petroleum has budgeted 2006 capital expenditures of $160 million, up 15% over the increased 2005 budget of $136 million.
7:00 PM EST | December 18, 2005
Berry Petroleum Earns $1.52 Per Share in Third Quarter
Berry Petroleum reports 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.
7:00 PM EST | November 02, 2005
Berry Petroleum Acquires Undeveloped Acreage in Colorado
Berry Petroleum has purchased a 50% working interest in approximately 70,000 gross undeveloped acres in Colorado's Phillips and Sedgwick counties from Chandler Energy.
8:00 PM EST | October 20, 2005
Berry Petroleum Acquires Acreage in North Dakota
Berry Petroleum has 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.
8:00 PM EST | June 26, 2005
Berry Petroleum to Acquire Stake in Niobrara Gas Acreage
Berry Petroleum has entered into an agreement to purchase a 50% working interest in 345,000 prospective acres from Bill Barrett Corporation.
7:00 PM EST | January 24, 2005
Berry Petroleum Budgets $100 Million for 2005
Berry Petroleum set its 2005 capital budget at $100 million, directed toward the development of new reserves and the increase of oil and gas production.
7:00 PM EST | January 18, 2005
Berry Petroleum to Acquire Additional Uinta Basin Acreage
Berry Petroleum 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.
7:00 PM EST | December 06, 2004
Berry Petroleum Acquires Natural Gas Assets in Colorado
Berry Petroleum has entered into 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.
7:00 PM EST | December 05, 2004
Berry Petroleum to Acquire Additional Uinta Basin Acreage
Berry Petroleum 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.
8:00 PM EST | July 19, 2004
Berry Petroleum Sees Record Results for 1Q 2004
Berry Petroleum Company 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.
8:00 PM EST | May 04, 2004
Berry Petroleum Sets $50 Million Capital Program for 2004
The Board of Directors of Berry Petroleum has approved a 2004 capital expenditure budget of approximately $50 million.
7:00 PM EST | January 12, 2004
Berry Petroleum to Begin Drilling Program in Uinta Basin
Berry Petroleum has recently acquired the Brundage Canyon acreage in the Uinta Basin and expects to begin a drilling program very soon.
8:00 PM EST | August 27, 2003
Berry Petroleum to Acquire Uinta Basin Properties
Berry Petroleum has entered into a Purchase and Sale Agreement with Williams to acquire its Brundage Canyon, Utah, properties in the Uinta Basin for approximately $49 million.
8:00 PM EST | April 23, 2003