On November 19, 2019 the California Department of Conservation, Division of Oil and Gas released a number of initiatives designed to safeguard public health and the environment, advance California’s goal to become carbon-neutral by 2045 and manage the decline of oil production and consumption in the state. As a conventional oil producer with a low corporate decline rate, the company would like to outline our [...]
Today the Department of Conservation’s Division of Oil, Gas and Geothermal Resources announced a series of initiatives directed at California’s oil and gas industry, which are a result of legislation signed by Governor Gavin Newsom in October. One of the primary initiatives is a “moratorium prohibits new extraction wells that use a high-pressure cyclic steaming process to break apart a geological [...]
Berry Corporation today reported net income of $53 million or $0.65 per diluted share and adjusted net income of $33 million or $0.40 per diluted share for the third quarter of 2019. In addition, the Board approved a fourth quarter dividend of $0.12 per share, as it has done each quarter since becoming a public company in 2018. Highlights for the Quarter Adjusted EBITDA of $84 million and Unhedged Adjusted EBITDA of $69 [...]
Berry Petroleum Corp. today announced it will report its third quarter 2019 financial results on Thursday, November 7, 2019 before the open of U.S financial markets. The Company will host a conference call that same day, Thursday, November 7, 2019 to discuss these results: Live Call Date: Thursday, November 7, 2019 Live Call Time: 5:00 p.m. Eastern Time Live Call Dial-in: 877-491-5169 from the U.S. 720-405-2254 from [...]
Berry Petroleum Corp. announced today preliminary third quarter production results in line with its full-year production guidance. In addition, the company is continuing its commitment to returning value to shareholders through its fixed dividend and share buy-back policies. Third Quarter 2019 Production Highlights Third quarter production of 29,600 boe/d up 7.7% compared to last quarter Third quarter September exit rate [...]
Berry Petroleum Corp. today reported net income of $32 million or $0.39 per diluted share and adjusted net income of $20 million or $0.25 per diluted share for the second quarter of 2019. In addition, the Board approved a regular $0.12 per share dividend for the third quarter of 2019. Highlights for the Quarter Adjusted EBITDA of $63 million and Unhedged Adjusted EBITDA of $66 million Received Aquifer Exemption for [...]
Berry Petroleum Corp. today announced it will report its second quarter 2019 financial results on Wednesday, August 7, 2019 after the close of U.S financial markets. The Company will host a conference call Thursday, August 8, 2019 to discuss these results: Live Call Date: Thursday, August 8, 2019 Live Call Time: 11:00 a.m. Eastern Time Live Call Dial-in: 877-491-5169 from the U.S. 720-405-2254 from international locations [...]
Berry Petroleum Corp. today reported a net loss of $34 million or $0.42 per diluted share and adjusted net income of $24 million or $0.30 per diluted share for the first quarter of 2019. In addition, the Board approved a regular $0.12 per share dividend for the second quarter of 2019. Highlights for the Quarter Adjusted EBITDA of $69 million and Unhedged Adjusted EBITDA of $54 million 2.2 million shares repurchased; 2.6 [...]
Berry Petroleum Corp. today announced that as indicated during its year-end earnings call, it plans to host an analyst and investor day in New York City on May 16, 2019, beginning at 8:30 am ET and concluding before 1 pm. The day will include presentations and discussions by Berry executives as well as Q&A. This event is intended for financial analysts and institutional investors and attendance at the venue is by [...]
Berry Petroleum Corp. today announced that on Monday, April 22, the California Assembly's Natural Resources Committee passed Assembly Bill 345. The bill, which is sponsored by several environmental justice groups, is still in the early phases of the legislative process. As it is currently proposed, the bill would require all new oil and gas development or rework operations, that are not on federal land, to be [...]
Berry Petroleum Corp. today announced it will report its first quarter 2019 financial results on Wednesday, May 8, 2019 after the close of U.S. financial markets. The Company will host a conference call Thursday, May 9, 2019 to discuss these results: Live Call Date: Thursday, May 9, 2019 Live Call Time: 11:00 a.m. Eastern Time Live Call Dial-in: 877-491-5169 from the U.S. 720-405-2254 from international locations Live [...]
Berry Petroleum Corporation announced today that it has amended its previously effective shelf registration statement on Form S-1 to update for information filed recently in its annual report on Form 10-K. No additional securities were registered by the update and the action reflects no changes in the Company’s plans or strategy.
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