Berry Corporation (BRY)

Overview

Berry Corporation operates as an independent upstream energy company primarily in the western United States. It has carved a niche in the energy sector through its focus on the exploration and production (E&P) of oil and gas, alongside offering well servicing and abandonment services. With a rich history dating back to 1909, Berry Corporation brings a century of expertise to the forefront of the oil and gas industry. Its strategic operations are divided into two key segments: Exploration and Production (E&P) and Well Servicing and Abandonment, each catering to specific needs in the oil and gas production lifecycle. The company prides itself on developing and extracting hydrocarbon resources with low geological risk and longevity, particularly in California and Utah. Headquartered in Dallas, Texas, Berry Corporation positions itself as a vital player in the energy market, contributing to the local economies and energy independence.

Products and Services

• Exploration and Production (E&P)

This segment focuses on the development and production of onshore oil and gas reserves. Berry Corporation targets reserves characterized by low geological risk and a longer life, primarily situated in California and Utah. This strategic approach allows for a sustained production of conventional oil and gas, ensuring a steady supply and economic viability.

• Well Servicing and Abandonment

Offering critical wellsite services in California, this segment caters to various operational needs of oil and natural gas production companies. Services span from routine well servicing — essential for the maintenance and optimization of production levels — to well abandonment services, ensuring compliance with environmental and regulatory standards. Moreover, the company provides water logistics services, supporting the operational and environmental needs of the oil and gas production process.