Berry Petroleum Company

Berry Petroleum Company is an independent company in the industry of crude oil and natural gas exploration and production.^[1] Its mine source locates mainly in California and West Texas. Berry Petroleum Company is a publicly traded company on NYSE under the symbol "BRY".

History

Berry Petroleum Company first started its exploration in 1909 in California. In August 1996, Barry Petroleum agreed to buy Tannehill Oil and its affiliates for $25.2 million. ^[3] Then, in 2003, it started exploring the Uinta basin in northwestern Utah.^[4] In February 2013, Linn Energy agreed to buy the Berry Petroleum Company for about $2.5 billion in stock.^[5] In November, Linn Energy increased the number of shares to be issued to 1.68 for each share of Berry outstanding before the merger.^[6]

Operations

The company's headquarters is in Denver, Colorado. Its operation areas mainly include 46% in California, 23% in Permian basin and 13% in Uinta.

Corporate affairs

Stocks

The ticker symbol for Berry Petroleum Company is "BRY". Daily stock reports published in newspapers also carry trading summaries for the company under "BRY".^[7]

LINN Energy, LLC LINE, LinnCo, LLC LNCO, and Berry Petroleum Company(the "Companies") announced on Nov 04, 2013 that the boards of directors of LINN Energy, LinnCo and Berry have unanimously approved an amended merger agreement. The Companies have executed an amendment to the existing merger agreement to provide for an increase in the exchange ratio that each outstanding share of Berry common stock would receive in the merger and an extension of the end date to January 31, 2014.

References

External links