Berry Petroleum

General Information
Business:

 

We are a California-based independent upstream energy company engaged primarily in the development and production of conventional oil reserves located in the western United States. Our long-lived, predictable and high margin asset base is uniquely positioned to support our objectives of generating top-tier corporate-level returns and positive free cash flow through commodity price cycles. We believe that executing our strategy across our low-declining production base and extensive inventory of identified drilling locations will result in long-term, capital efficient production growth as well as the ability to return excess free cash flow to stockholders. We target onshore, low-cost, low-risk, oil-rich reservoirs in the San Joaquin basin of California and the Uinta basin of Utah, and, to a lesser extent, the low geologic risk natural gas resource play in the Piceance basin in Colorado.

 

Industry: CRUDE PETROLEUM & NATURAL GAS
Employees: 278
Founded: 2017
Contact Information
Address 16000 N. Dallas Pkwy, Ste 100, Dallas, Texas 75248, US
Phone Number (661) 616-3900
Web Address http://www.berrypetroleum.com
View Prospectus: Berry Petroleum
Financial Information
Market Cap $1430mil
Revenues $432.0 mil (last 12 months)
Net Income $-39.3 mil (last 12 months)
IPO Profile
Symbol BRY
Exchange NASDAQ
Shares (millions): 18.8
Price range $15.00 - $17.00
Est. $ Volume $300.0 mil
Manager / Joint Managers Goldman Sachs/ Wells Fargo Securities/ BMO Capital Markets
CO-Managers -
Expected To Trade: 7/26/2018
Day: Thursday
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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