(BRY) Berry Petroleum - Ratings and Ratios

Berry Corporation is an independent energy company focused on the upstream sector, primarily operating in the western United States. The company's operations are divided into two main segments: Exploration and Production (E&P) and Well Servicing and Abandonment. The E&P segment is centered on developing and producing oil and gas reserves from onshore fields, particularly those with low geologic risk and long-lived conventional reserves. These reserves are mainly located in California and Utah, where the company has established a significant presence. By concentrating on these areas, Berry Corporation aims to optimize its production capabilities and minimize operational risks.

The Well Servicing and Abandonment segment of Berry Corporation provides a range of essential services to oil and natural gas production companies in California. This includes well servicing, which involves the maintenance and repair of wells to ensure continuous production, as well as well abandonment services, which are critical for safely decommissioning wells that are no longer productive. Additionally, the company offers water logistics services, which are vital for managing the water resources used in oil and gas production. By offering these services, Berry Corporation supports the efficient operation of oil and gas fields in California, while also contributing to the state's energy production.

With a history dating back to 1909, Berry Corporation has established itself as a seasoned player in the energy industry. The company is headquartered in Dallas, Texas, and its website can be found at https://www.bry.com. Berry Corporation's common stock is traded under the ISIN code US08579X1019, and it is classified under the GICS Sub Industry category of Oil & Gas Exploration & Production. This classification reflects the company's primary focus on exploring, producing, and transporting oil and natural gas, as well as its role in providing specialized services to the energy sector.