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Home > Company Index > Energy > Oil & Gas Exploration & Production > Berry Petroleum Company

Berry Petroleum Company
NYSE: BRY
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 PROFILE
It may be small fruit in the giant petroleum industry, but Berry Petroleum delivers the juice. The company buys properties with heavy crude oil reserves for exploitation and sale to refining companies. Berry Petroleum's properties are in California's Kern, Los Angeles, and Ventura counties, and its proved reserves of 107 million barrels of oil equivalent are 99% crude oil. The company squeezes the most from its assets by using thermal recovery: Steam is injected into heavy crude oil reserves to reduce oil viscosity and allow it to flow to the surface. Berry Petroleum also owns three gas-fired cogeneration facilities that supply steam for its oil operations and electric power for two California utilities.

 COMPETITION
Chevron Corporation (CHV)
Royal Dutch/Shell Group (dossier)
Texaco Inc. (TX)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 171.60
1-Yr. Sales Growth: 157.7%
Employees: 115
Revenue per employee: $1,492,173.91

 KEY PEOPLE
• Jerry V. Hoffman
    CEO
• Ralph J. Goehring
    CFO

 CONTACT INFO
28700 Hovey Hills Rd.
Taft, CA 93268
US
Phone: 661-769-8811
Fax: 661-769-8960
Online: Web Site

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