| Business Summary | | Berry
Petroleum
Company
is
an
energy
company
engaged
in
the
production,
development,
acquisition,
exploitation
and
exploration
of
crude
oil
and
natural
gas.
As
of
December
31,
2000,
the
Company's
estimated
proved
reserves
were
107
million
barrels
of
oil
equivalent,
(BOE),
of
which
99.3%
are
heavy
crude
oil
(oil
with
an
API
gravity
of
less
than
20
degrees).
A
significant
portion
of
these
proved
reserves
is
owned
in
fee.
Substantially
all
of
the
Company's
reserves,
as
of
December
31,
2000,
were
located
in
California,
with
74%,
20%
and
5%
of
total
proved
reserves
in
Kern,
Los
Angeles
and
Ventura
counties,
respectively.
The
Company
operates
all
of
its
principal
oil-producing
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Berry
Petroleum
Company
is
engaged
in
the
acquisition,
exploration,
exploitation,
development,
production,
and
marketing
of
crude
oil
and
natural
gas.
For
the
six
months
ended
6/30/01,
revenues
rose
9%
to
$77.9
million.
Net
income
fell
32%
to
$12
million.
Revenues
reflect
higher
oil
production
volumes
and
higher
realized
oil
prices.
Net
income
was
offset
by
a
$6.6
million
write-off
of
electricity
receivable. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Jerry Hoffman, 51 Chairman,
Pres and Chief Exec. Officer | $469K | -- | Ralph Goehring, 44 CFO,
Sr. VP, Assistant Sec. | 265K | $45K | Brian Rehkopf, 53 VP
of Engineering, Assistant Sec. | 217K | -- | George Crawford, 40 VP
of Production | 172K | -- | Michael Starzer, 39 VP
of Corp. Devel. | 219K | 280K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|