Finance & Investing | Capital Markets | Bankruptcy Exit
Berry Petroleum Emerges from Bankruptcy
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Berry Petroleum has successfully emerged from bankruptcy. Berry was previously a wholly owned subsidiary of LINN Energy LLC.
“Berry’s emergence from bankruptcy would not be possible if not for the support of our dedicated employees, whose hard work and focus contributed greatly to the successful result we have today,” said Berry Chief Executive Officer Trem Smith. “I would also like to thank our customers, vendors and contractors for their continued loyalty and support, as well as our new owners whose willingness to further invest in Berry demonstrates their confidence and continued optimism in Berry’s future. Berry is stronger than ever. We remain committed to our current asset base and focused on growth opportunities in surrounding areas, particularly in California.”
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