Berry Petroleum
5201 Truxtun Ave, Bakersfield, California, United States

Berry Petroleum is an independent publicly-traded energy company, listed on Nasdaq with the symbol BRY, engaged in the acquisition, exploration, development and production of domestic oil and natural gas reserves primarily located in the San Joaquin Basin in California, the Uinta Basin in Utah and the Piceance Basin in Colorado.

OUR FOCUS

The Company’s focus is on the responsible and safe exploration and development of oil and natural gas.   Berry emphasizes the prudent maintenance of its existing assets by leveraging the application of technological innovation and knowledge base of its employees. The focus for the asset teams is to meet operational objectives while maintaining a safe working environment and recognizing the Company’s responsibility to its surrounding communities.

HISTORY

Berry Petroleum’s roots reach back to 1909, through its predecessor companies founded by C.J. Berry. But today’s Company is a new and different Berry with new ownership and management.  More than 100 years ago a man named C.J. Berry, armed with determination and not much else, set out on a journey to seek his fortune. That path would lead from the gold claims of the Klondike to the oil fields of central California. His success was manifold and one lasting result is Berry Petroleum Company, a California-based energy company that began when C.J. began producing heavy oil from the San Joaquin basin in 1909.  Settling on a piece of land in the Southern San Joaquin Valley, nestled up against the Temblor Range, C.J. began to drill for oil. He started many oil companies as early as 1899 with names like Bakersfield Fuel Oil, El Dorado Oil Company and Mammoth Oil Company. One of his early wells was drilled on some land named for his wife, Ethel D, in 1909. Some 100 plus years later the Ethel D property is still producing oil in paying quantities.  Berry Holding Company, formed in 1916 as one of C.J.’s many companies, continued to grow over the years and in December 1985 was merged with several related entities into Berry Petroleum Company. Berry, with a very solid beginning, has continued to grow and evolve and today is one of the few remaining independent producers headquartered in California.  Berry expanded its presence in areas outside of California beginning in 2003 as opportunities to acquire light oil and natural gas became available to grow its portfolio. Today, Berry has production in four states, and is always looking for acquisitions to continue the course of success and growth that C.J. envisioned when he drilled his first well on the Ethel D lease.  LINN Energy and LinnCo acquired Berry in 2013 and subsequently LINN filed for bankruptcy in May 2016. Berry emerged from the bankruptcy as a stand-alone company on Feb 28, 2017. Berry Petroleum Company, LLC is now an independent wholly-owned subsidiary of Berry Petroleum Corporation.

ENVIRONMENTAL, HEALTH & SAFETY POLICY STATEMENT

Berry Petroleum Company is a growing company focused on execution with a commitment to the protection of the environment and the health and safety of its employees, contractors, customers and communities.  As such, Environmental, Health & Safety (EH&S) considerations are an integral part of Berry’s day-to-day operations and will be incorporated into the decision making process for all employees, while being supported with the appropriate level of resources, education and training.  The “Berry Systems and Actions for Excellence” (BSAFE) document (PDF file) outlines how Berry will manage the process of Environmental, Health & Safety issues through eleven specific elements.  We believe that promoting a safe and healthy workplace, striving to operate without doing harm to the environment and being a responsible corporate citizen will contribute to continued and improved business success through enhanced job productivity, lower costs, improved work quality and greater employee satisfaction.

In support of these objectives, Berry Petroleum Company will:

• Hold its management and employees accountable for the Company’s EH&S performance;
• Clearly communicate the performance requirements and expectations of employees, contractors and other parties engaged in activities on the Company’s properties;
• Design and manage operations to minimize environmental and human health impacts and provide a workplace free of unmitigated safety hazards;
• Comply with all laws, rules and regulations governing Berry’s activities;
• Recognize the importance of EH&S factors relative to economic factors;
• Provide appropriate resources and programs supporting EH&S, which include employee training and professional staff;
• Monitor, evaluate and periodically report EH&S performance to the employees; and Participate in programs designed to enhance EH&S knowledge and improve EH&S technology and standards.