Berry Petroleum Corp Overview
Industry: Oil & Gas E&P
Sector: Energy
Berry Corporation, an independent upstream energy company, engages in the development and production of conventional oil reserves in the western United States. It operates through Exploration and Production (E&P), and Well Servicing and Abandonment (CJWS) segments. The E&P segment engages in the development and production of onshore, low geologic risk, and long-lived conventional oil and gas reserves primarily located in California and Utah. CJWS provides wellsite services in California to oil and natural gas production companies with a focus on well servicing, well abandonment services, and water logistics; and offers rig-based and coiled tubing-based well maintenance and workover services, recompletion services, fluid management services, fishing and rental services, and other ancillary oilfield services. The company was founded in 1909 and is headquartered in Dallas, Texas.
Berry Petroleum Corp is evaluated using Mavefund's quality framework: growing earnings, durable profit margins, conservative leverage, strong return on equity, and disciplined share repurchases.
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