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. 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 hedge for six months valued at $14 million.

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