One-Page Deal Sheet
Berry Petroleum Sells Off Kansas Hugoton Assets
Not Disclosed Berry Corporation
Announced Date
July 31,2017
Effective Date
July 31,2017
Close Date
July 31,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
234
Transaction Details: Subscribe to see
Berry Petroleum has sold its Kansas Hugoton assets to an undisclosed buyer.
Transaction terms were not disclosed.
The Company used the proceeds from the Hugoton sale to close the previously announced purchase of the Kern County, California, South Belridge Hill asset, also effective July 31, 2017.
Berry CEO Trem Smith said, “We are pleased to have completed the disposition of this non-core asset as it provides Berry with numerous opportunities for growing our western United States asset base, as exemplified by the Hill acquisition. In addition, the simultaneous closings allowed Berry to…
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