Table of Contents
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2
List of Figures 9
2 Company Snapshot 10
2.1 Key Information 10
2.2
Company Overview 10
2.3 Financial Performance 10
2.4 Industry Outlook
-- Production & Exploration 10
3 Berry Petroleum Company , Crude Oil And
Natural Gas Forecasts, 2000-2012 11
3.1 Berry Petroleum Company , Crude
Oil & Natural Gas Forecasts, By Fields 11
3.2 Berry Petroleum Company ,
Gross Revenue Forecasts, By Fields 13
3.3 Berry Petroleum Company , Total
Government Take Forecasts, By Fields 14
3.4 Berry Petroleum Company ,
Contractor Take Forecasts, By Fields 15
4 Berry Petroleum Company ,
Exploration and Production Summary 16
4.1 Berry Petroleum Company, Crude
Oil Production, by Country 16
4.2 Berry Petroleum Company, Natural Gas
Production, by Country 17
5 Berry Petroleum Company, Crude Oil and Natural
Gas Production By Fields 18
5.1 Berry Petroleum Company, Crude Oil
Production 18
5.1.1 Berry Petroleum Company, Crude Oil Production in
California Onshore, By Fields 18
5.1.2 Berry Petroleum Company, Crude Oil
Production in Utah, By Fields 18
5.2 Berry Petroleum Company, Natural Gas
Production 19
5.2.1 Berry Petroleum Company, Natural Gas Production in
Kansas, By Fields 19
5.2.2 Berry Petroleum Company, Natural Gas Production
in California Onshore, By Fields 19
5.2.3 Berry Petroleum Company, Natural
Gas Production in Utah, By Fields 19
5.2.4 Berry Petroleum Company,
Natural Gas Production in Wyoming, By Fields 20
5.2.5 Berry Petroleum
Company, Natural Gas Production in Colorado, By Fields 21
6 Berry
Petroleum Company' s Exploration Blocks And Field Details 22
6.1 Berry
Petroleum Company' s Field Details, Cymric (Berry Petroleum Co.) 22
6.2
Berry Petroleum Company' s Field Details, McKittrick (Berry Petroleum Co.)
23
6.3 Berry Petroleum Company' s Field Details, Midway-Sunset (Berry
Petroleum Co.) 24
6.4 Berry Petroleum Company' s Field Details, Montalvo,
West (Berry Petroleum Co.) 25
6.5 Berry Petroleum Company' s Field Details,
Oxnard (Berry Petroleum Co.) 25
6.6 Berry Petroleum Company' s Field
Details, Placerita (Berry Petroleum Co.) 26
6.7 Berry Petroleum Company' s
Field Details, Poso Creek (Berry Petroleum Co.) 26
6.8 Berry Petroleum
Company' s Field Details, Roberts Island Gas (Berry Petroleum Co.) 27
6.9
Berry Petroleum Company' s Field Details, Tejon, North (Berry Petroleum Co.)
27
6.10 Berry Petroleum Company' s Field Details, Prairie Star( Berry
Petroleum Company) 28
6.11 Berry Petroleum Company' s Field Details,
Unknown( Berry Petroleum Company) 28
6.12 Berry Petroleum Company' s Field
Details, BRUNDAGE CANYON(BERRY PETROLEUM COMPANY) 29
6.13 Berry
Petroleum Company' s Field Details, UNDESIGNATED(BERRY PETROLEUM COMPANY)
29
6.14 Berry Petroleum Company' s Field Details, WILDCAT(BERRY PETROLEUM
COMPANY) 30
6.15 Berry Petroleum Company' s Field Details, BEECHER ISLAND
(BERRY PETROLEUM COMPANY) 30
6.16 Berry Petroleum Company' s Field Details,
BONNY (BERRY PETROLEUM COMPANY) 31
6.17 Berry Petroleum Company' s Field
Details, BUCKBOARD(BERRY PETROLEUM COMPANY) 31
6.18 Berry Petroleum
Company' s Field Details, BUFFALO GRASS(BERRY PETROLEUM COMPANY) 32
6.19
Berry Petroleum Company' s Field Details, BUFFALO(BERRY PETROLEUM COMPANY)
32
6.20 Berry Petroleum Company' s Field Details, ECKLEY(BERRY PETROLEUM
COMPANY) 33
6.21 Berry Petroleum Company' s Field Details, MILDRED(BERRY
PETROLEUM COMPANY) 33
6.22 Berry Petroleum Company' s Field Details, OLD
BALDY(BERRY PETROLEUM COMPANY) 34
6.23 Berry Petroleum Company' s Field
Details, PEREGRINE(BERRY PETROLEUM COMPANY) 34
6.24 Berry Petroleum
Company' s Field Details, PHUMA (BERRY PETROLEUM COMPANY) 35
6.25 Berry
Petroleum Company' s Field Details, REPUBLICAN(BERRY PETROLEUM COMPANY) 35
6.26 Berry Petroleum Company' s Field Details, ROCK CREEK(BERRY PETROLEUM
COMPANY) 36
6.27 Berry Petroleum Company' s Field Details, ROCK(BERRY
PETROLEUM COMPANY) 36
6.28 Berry Petroleum Company' s Field Details,
SCHRAMM(BERRY PETROLEUM COMPANY) 37
6.29 Berry Petroleum Company' s Field
Details, SHOUT (BERRY PETROLEUM COMPANY) 37
6.30 Berry Petroleum Company' s
Field Details, TIERRA PLANO(BERRY PETROLEUM COMPANY) 38
6.31 Berry
Petroleum Company' s Field Details, WAGES (BERRY PETROLEUM COMPANY) 38
6.32
Berry Petroleum Company' s Field Details, WAVERLY(BERRY PETROLEUM COMPANY)
39
6.33 Berry Petroleum Company' s Field Details, WHISPER(BERRY PETROLEUM
COMPANY) 39
6.34 Berry Petroleum Company' s Field Details, WILDCAT(BERRY
PETROLEUM COMPANY) 40
6.35 Berry Petroleum Company' s Field Details, YODEL
(BERRY PETROLEUM COMPANY) 40
6.36 Berry Petroleum Company' s Field Details,
YODEL NORTH (BERRY PETROLEUM COMPANY) 41
6.37 Berry Petroleum Company' s
Field Details, MICKELSON CREEK(BERRY PETROLEUM COMPANY) 41
6.38 Berry
Petroleum Company' s Field Details, UNKNOWN FORMATION(Berry Petroleum Company)
42
7 Business Description 43
7.1 Business Overview 43
7.2 Major
Products and Services 44
7.2.1 Overview 44
8 History 45
9
Competitors 47
10 Key Employees 48
11 Key Employee Biographies 49
12 Company Statement 51
13 Locations And Subsidiaries 53
13.1 Head
Office 53
13.2 Other Locations & Subsidiaries 53
14 Financial Deals
Landscape 54
14.1 Debt Offerings 54
14.1.1 Berry Petroleum Completes
Senior Subordinated Notes Offering Of $200 Million 54
14.2 Partnership
55
14.2.1 Bill Barrett Forms Joint Venture With Berry Petroleum 55
15
Recent Developments 57
15.1 Operations Updates 57
15.1.1 Feb 07, 2008:
Berry Petroleum Updates On 2007 Proved Reserves 57
15.2 Financial
Announcements 57
15.2.1 Apr 29, 2008: Berry Petroleum Reports Q1 2008
Results 57
15.2.2 Feb 14, 2008: Berry Petroleum Reports Q4 2007 Results
58
15.2.3 Dec 04, 2007: Berry Petroleum Declares 2008 Capital Budget
59
15.2.4 Oct 31, 2007: Berry Petroleum Reports Q3 2007 Results 60
15.2.5 Aug 01, 2007: Berry Petroleum Reports Q2 2007 Results 61
15.2.6 May
02, 2007: Berry Petroleum Reports Q1 2007 Results 62
15.2.7 Apr 25, 2007:
Berry Petroleum To Release Q1 2007 Results 63
15.2.8 Feb 28, 2007: Berry
Petroleum Reports 2006 Results 63
15.2.9 Feb 20, 2007: Berry Petroleum To
Release Q4 2006 Results 64
15.2.10 Nov 08, 2006: Berry Petroleum Reports
Q3 2006 Results 64
15.2.11 Oct 20, 2006: Berry Petroleum Announces Pricing
of Senior Subordinated Notes 64
15.2.12 Aug 22, 2006: Berry Petroleum
Announces 2006 Capital Budget and Dividend 65
15.2.13 Aug 09, 2006: Berry
Petroleum Reports Q2 2006 Results 65
15.2.14 Aug 09, 2006: Berry Petroleum
To Release Q2 2006 Results 65
15.3 Other Significant Developments 66
15.3.1 Dec 12, 2007: Berry CFO Intends To Retire 66
15.3.2 Aug 31, 2007:
Berry Petroleum Appoints New COO 66
15.3.3 Dec 15, 2006: Berry Petroleum
Appoints New Controller 66
15.3.4 Aug 04, 2006: Berry Petroleum Elects New
Director 66
15.3.5 Jun 23, 2006: Berry Petroleum President and CEO Enters
Amended Employment Agreement 66
15.3.6 Jun 15, 2006: Berry Petroleum Files
Automatic Shelf Registration Statement 66
16 Appendix 67
16.1 What is
this Report About? 67
16.2 Methodology 67
16.2.1 Coverage 68
16.2.2 Secondary Research 69
16.2.3 Primary Research 69
16.2.4 E&P
Forecasts 69
16.2.5 Midstream Forecasts 72
16.2.6 Expert Panel
Validation 72
16.3 Contact Us 73
16.4 About Global Markets Direct
73
16.5 Disclaimer 73
1.1 List of Tables
Table 1:
Berry Petroleum Company,Key Facts 10
Table 2: Berry Petroleum
Company ,Crude Oil Production And Forecasts (Boe) by Fields ,2000-2012 12
Table 3: Berry Petroleum Company ,Natural Gas Production And Forecasts
(MMcf) by Fields ,2000-2012 12
Table 4: Berry Petroleum Company ,
Gross Revenue ($thousand) by Fields, 2008-2012 13
Table 5: Berry
Petroleum Company , Total Government Take ($thousand) by Fields, 2008-2012
14
Table 6: Berry Petroleum Company , Contractor Take ($thousand) by
Fields, 2008-2012 15
Table 7: Berry Petroleum Company, Crude Oil
Production (BBls), by Country, 2000-2007 16
Table 8: Berry Petroleum
Company, Natural Gas Production (MMcf), by Country, 2000-2007 17
Table 9:
Berry Petroleum Company, Crude Oil Production (BBls) By Fields in
California Onshore, 2000-2007 18
Table 10: Berry Petroleum Company,
Crude Oil Production (BBls) By Fields in Utah, 2000-2007 18
Table 11:
Berry Petroleum Company, Natural Gas Production (MMcf), By Fields in Kansas,
2000-2007 19
Table 12: Berry Petroleum Company, Natural Gas
Production (MMcf), By Fields in California Onshore, 2000-2007 19
Table 13:
Berry Petroleum Company, Natural Gas Production (MMcf), By Fields in
Utah, 2000-2007 19
Table 14: Berry Petroleum Company, Natural Gas
Production (MMcf), By Fields in Wyoming, 2000-2007 20
Table 15: Berry
Petroleum Company, Natural Gas Production (MMcf), By Fields in Colorado,
2000-2007 21
Table 16: Berry Petroleum Company' s Asset Details,Cymric
(Berry Petroleum Co.), March 2008 22
Table 17: Berry Petroleum
Company' s Asset Details,McKittrick (Berry Petroleum Co.), March 2008 23
Table 18: Berry Petroleum Company' s Asset Details,Midway-Sunset (Berry
Petroleum Co.), March 2008 24
Table 19: Berry Petroleum Company' s
Asset Details,Montalvo, West (Berry Petroleum Co.), March 2008 25
Table
20: Berry Petroleum Company' s Asset Details,Oxnard (Berry Petroleum Co.),
March 2008 25
Table 21: Berry Petroleum Company' s Asset
Details,Placerita (Berry Petroleum Co.), March 2008 26
Table 22:
Berry Petroleum Company' s Asset Details,Poso Creek (Berry Petroleum Co.),
March 2008 26
Table 23: Berry Petroleum Company' s Asset
Details,Roberts Island Gas (Berry Petroleum Co.), March 2008 27
Table 24:
Berry Petroleum Company' s Asset Details,Tejon, North (Berry Petroleum
Co.), March 2008 27
Table 25: Berry Petroleum Company' s Asset
Details,Prairie Star( Berry Petroleum Company), March 2008 28
Table 26:
Berry Petroleum Company' s Asset Details,Unknown( Berry Petroleum Company),
March 2008 28
Table 27: Berry Petroleum Company' s Asset
Details,BRUNDAGE CANYON(BERRY PETROLEUM COMPANY), March 2008 29
Table
28: Berry Petroleum Company' s Asset Details,UNDESIGNATED(BERRY PETROLEUM
COMPANY), March 2008 29
Table 29: Berry Petroleum Company' s Asset
Details,WILDCAT(BERRY PETROLEUM COMPANY), March 2008 30
Table 30:
Berry Petroleum Company' s Asset Details,BEECHER ISLAND (BERRY PETROLEUM
COMPANY), March 2008 30
Table 31: Berry Petroleum Company' s Asset
Details,BONNY (BERRY PETROLEUM COMPANY), March 2008 31
Table 32:
Berry Petroleum Company' s Asset Details,BUCKBOARD(BERRY PETROLEUM COMPANY),
March 2008 31
Table 33: Berry Petroleum Company' s Asset
Details,BUFFALO GRASS(BERRY PETROLEUM COMPANY), March 2008 32
Table 34:
Berry Petroleum Company' s Asset Details,BUFFALO(BERRY PETROLEUM COMPANY),
March 2008 32
Table 35: Berry Petroleum Company' s Asset
Details,ECKLEY(BERRY PETROLEUM COMPANY), March 2008 33
Table 36:
Berry Petroleum Company' s Asset Details,MILDRED(BERRY PETROLEUM COMPANY),
March 2008 33
Table 37: Berry Petroleum Company' s Asset Details,OLD
BALDY(BERRY PETROLEUM COMPANY), March 2008 34
Table 38: Berry
Petroleum Company' s Asset Details,PEREGRINE(BERRY PETROLEUM COMPANY), March
2008 34
Table 39: Berry Petroleum Company' s Asset Details,PHUMA
(BERRY PETROLEUM COMPANY), March 2008 35
Table 40: Berry Petroleum
Company' s Asset Details,REPUBLICAN(BERRY PETROLEUM COMPANY), March 2008 35
Table 41: Berry Petroleum Company' s Asset Details,ROCK CREEK(BERRY
PETROLEUM COMPANY), March 2008 36
Table 42: Berry Petroleum Company' s
Asset Details,ROCK(BERRY PETROLEUM COMPANY), March 2008 36
Table 43:
Berry Petroleum Company' s Asset Details,SCHRAMM(BERRY PETROLEUM COMPANY),
March 2008 37
Table 44: Berry Petroleum Company' s Asset Details,SHOUT
(BERRY PETROLEUM COMPANY), March 2008 37
Table 45: Berry Petroleum
Company' s Asset Details,TIERRA PLANO(BERRY PETROLEUM COMPANY), March 2008
38
Table 46: Berry Petroleum Company' s Asset Details,WAGES (BERRY
PETROLEUM COMPANY), March 2008 38
Table 47: Berry Petroleum Company' s
Asset Details,WAVERLY(BERRY PETROLEUM COMPANY), March 2008 39
Table 48:
Berry Petroleum Company' s Asset Details,WHISPER(BERRY PETROLEUM COMPANY),
March 2008 39
Table 49: Berry Petroleum Company' s Asset
Details,WILDCAT(BERRY PETROLEUM COMPANY), March 2008 40
Table 50:
Berry Petroleum Company' s Asset Details,YODEL (BERRY PETROLEUM COMPANY), March
2008 40
Table 51: Berry Petroleum Company' s Asset Details,YODEL NORTH
(BERRY PETROLEUM COMPANY), March 2008 41
Table 52: Berry Petroleum
Company' s Asset Details,MICKELSON CREEK(BERRY PETROLEUM COMPANY), March 2008
41
Table 53: Berry Petroleum Company' s Asset Details,UNKNOWN
FORMATION(Berry Petroleum Company), March 2008 42
Table 54: Berry
Petroleum Company, Key Employees, 48
Table 55: Berry Petroleum
Company, Other Locations 53
Table 56: Brent Blend NYMEX Future Prices
72
1.2 List of Figures
Figure 1: Berry Petroleum
Company , Crude Oil & Natural Gas Forecasts, 2000-2012 11
Figure 2:
Berry Petroleum Company , Gross Revenue ($thousand) by Fields, 2008-2012
13
Figure 3: Berry Petroleum Company , Total Government Take
($thousand) by Fields, 2008-2012 14
Figure 4: Berry Petroleum Company
, Contractor Take ($thousand) by Fields, 2008-2012 15
Figure 5:
Berry Petroleum Company, Crude Oil Production (BBls), by Country, 2000-2007
16
Figure 6: Berry Petroleum Company, Natural Gas Production (MMcf),
by Country, 2000-2007 17
Figure 7: Global Markets Direct Methodology
68
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