Exploration & Production | Quarterly / Earnings Reports
Berry Ups Focus on Uinta, Permian as Merger Pends
Print
|
Berry Petroleum Company reported net earnings of $61 million, or $1.10 per diluted share, for the second quarter of 2013.
After considering items such as derivatives and transaction costs, adjusted net earnings were $41 million, or $0.73 per diluted share. Oil and natural gas revenues were $275 million during the quarter and discretionary cash flow for the quarter totaled $145 million, with net cash provided by operating activities of $140 million. Operating margin was approximately $47 per BOE, supported by the Company's oil-weighted production stream.
Berry's second quarter 2013 production averaged 39,529 BOE/D, up 12% from the second quarter of 2012. The Company's oil production was 31,456 BOE/D in the second quarter, up 20% from the second quarter of 2012. Oil mix increased to 80% of…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…