People

Berry’s staff is experienced and dedicated. The asset teams have extensive technical knowledge built around exploration, drilling and production activity, and have experience with industry-centered technologies, including 3D seismic, horizontal/directional drilling and hydraulic fracturing. The areas of focus include field development and redevelopment, thermal enhanced oil recovery (EOR), and exploration and appraisal activities. Berry is dedicated to looking for, and finding, ways to produce its assets more effectively, efficiently and safely.

About Berry Petroleum Company LLC

MANAGEMENT AND BOARD

Berry Petroleum Company, LLC
Senior Management

Mr. Smith has significant experience in all phases of the oil and gas exploration and production business in the U.S. and internationally. He was most recently the CEO of TS&J Consulting, a full-service upstream E&P consultancy practice advising clients on A&D, strategic, and operational initiatives, and Hillwood International Energy, an international E&P company who had operations in the U.S., Russia, and Iraq. While at Hillwood, Trem oversaw strategic transactions representing over $2 billion of aggregate value and a 1+ billion barrel resource discovery along with the associated $500+ million development project. Prior to that, Trem spent 25 years in various roles at Chevron Corporation, including President and General Manager of Russia operations, where he led several major acquisition projects and operational initiatives. Trem graduated magna cum laude from Amherst College with a major in Geology and Russian. He has a Masters and PhD in Economic Geology from The Pennsylvania State University.

Mr. Baetz  has significant public company experience across the financial, strategic planning and investor relations areas. Mr. Baetz most recently served as Chief Financial Officer at Seventy Seven Energy Inc., a domestic oil service company. Prior to that, he served as Senior Vice President and Chief Financial Officer of Atrium Companies, Inc., a large private equity owned windows manufacturer. Prior to Atrium, Mr. Baetz served as Chief Financial Officer of Boots & Coots International Well Control, an international well intervention and risk management company. Earlier in Mr. Baetz’s career he served as Vice President of Finance, Treasurer and Assistant Secretary of Chaparral Steel Company and Director of Corporate Finance at Texas Industries Inc. Mr. Baetz has led the sale of three public companies; has successfully completed two public spin-offs; and raised almost $5 billion in capital. Mr. Baetz holds a Bachelor of Science degree from Oklahoma State University and a Master of Business Administration degree from the University of Arkansas.

Mr. Grove has over 35 years of experience in the oil and gas industry, bringing technical and executive management experience in operations, reservoir engineering, M&A and strategic development decision making skills to the company. Serving most recently as President and CEO of Greyhaven Energy, LLC, Gary was providing strategic planning, technical and acquisition advisory services to industry clients since May 2014. Prior to Greyhaven, Gary served as a Director and Executive Vice President in both private and public Bonanza Creek Energy entities from 2003 until his retirement from the company in April 2014. After helping to lead Bonanza Creek Energy, (NYSE:BCEI) going public in 2011, Gary served as a Director, EVP Engineering and Planning and Chief Operating Officer of the company. Prior to joining Bonanza Creek, Gary held various reservoir engineering and management positions with UNOCAL and Nuevo Energy. Gary is active in the local non-profit community serving on boards and in advisory positions. Gary graduated from Marietta College in 1982 with a Bachelor of Science degree in Petroleum Engineering. Gary is an active member with the Society of Petroleum Engineers since 1979 and has served in various capacities for student and local chapters.

Mr. Neher has over 30 years of diverse technical and commercial experience in the international and United States oil and gas exploration and production business with Shell, Occidental Petroleum (Oxy), and California Resources Corporation (CRC). Most recently, he led CRC’s Business Development effort evaluating and closing 13 deals valued at over $500 million USD in the past two years. Kurt has built and led exploration and operations teams including leading Oxy’s California-focused exploration team from 2008 to 2014. From 1994 to 2008, he worked in a variety of assignments with Oxy with increasing responsibilities culminating in roles as the Chief Geologist, Worldwide Exploration and VP, Ecuador. From 1990 to 1994, he was with Shell’s deepwater program in the Gulf of Mexico. Kurt has a Masters in Geology from the University of South Carolina and a Bachelors in Geology from Carleton College.

Mr. Wilson has performed key finance and accounting roles in upstream oil and gas companies over the past 13 years. Most recently, he served as Chief Financial Officer of Macpherson Energy Corporation, a California focused oil producer, from September 2011 to October 2015. Before joining Macpherson, Mr. Wilson served as the Chief Financial Officer and Chief Accounting Officer of Bonanza Creek Energy, Inc. from March 2010 to September 2011 and as Treasurer for Bonanza Creek from June 2009 to February 2010. Prior to Bonanza Creek, Mr. Wilson served as Treasurer for Berry Petroleum Company from March 2007 to June 2009 and as Controller and Assistant Controller for Berry Petroleum Company from November 2003 to February 2007. Prior to joining Berry Petroleum Company, Mr. Wilson served in key financial positions in companies outside the oil and gas industry, including the positions of CFO and Controller. Mr. Wilson holds a Bachelor of Science degree in Accounting from Brigham Young University. Mr. Wilson is a CPA and upon graduation, was employed eight years at Price Waterhouse LLP achieving the position of Audit Manager.

Mr. Olson served as the corporate secretary for Berry Petroleum Company from 1985 to 2010, assistant secretary and benefits and equity plan manager from 2011 to 2013. Mr. Olson was also Berry’s corporate treasurer from 1988 to 2004 and also managed Berry’s equity plans and assisted with Berry’s SEC filings. He served in various roles in the executive, human resources, accounting and tax departments during his previous 29 years with Berry. Prior to 1985, Mr. Olson worked as a CPA for a national CPA firm.

Berry Petroleum Corporation
Board of Directors

A.T. Smith, CEO. Berry Petroleum Company, LLCMr. Smith, 62, has significant experience in all phases of the oil and gas exploration and production business in the U.S. and internationally. He was most recently the CEO of TS&J Consulting, a full-service upstream E&P consultancy practice advising clients on A&D, strategic, and operational initiatives, and Hillwood International Energy, an international E&P company who had operations in the U.S., Russia, and Iraq. While at Hillwood, Trem oversaw strategic transactions representing over $2 billion of aggregate value and a 1+ billion barrel resource discovery along with the associated $500+ million development project. Prior to that, Trem spent 25 years in various roles at Chevron Corporation, including President and General Manager of Russia operations, where he led several major acquisition projects and operational initiatives. Trem graduated magna cum laude from Amherst College with a major in Geology and Russian. He has a Masters and PhD in Economic Geology from The Pennsylvania State University.

Brent Buckley Chairman of the Board Berry Petroleum CorporationMr. Buckley, 45, is a Managing Director with Benefit Street Partners focused on the firm’s distressed credit and special situation investment activities. Prior to joining Benefit Street Partners in 2014, Mr. Buckley was a Managing Director at Centerbridge Partners, where he helped to build the distressed credit investing business. Prior to Centerbridge Partners, he served as Managing Director for Deutsche Bank Securities, where he oversaw the research effort for the Distressed Products Group. Mr. Buckley received a Master of Arts from the University of Pennsylvania’s Graduate School of Arts & Sciences and a Bachelor of Science from the Wharton School at the University of Pennsylvania.

Eugene Voiland Board Member Berry Petroleum CorporationMr. Voiland, 70, is Chairman of the Board of Valley Republic Bank where he has served as a member of the Bank’s Board of Directors since 2008. Mr. Voiland is the retired President and CEO of Aera Energy LLC, where he served for more than 10 years.  He has a long history in the energy industry, having worked over 28 years for Shell before his service at Aera Energy LLC.  During his career with Shell, he worked as an engineer and manager throughout the US. He also held senior management positions with Shell, having been appointed General Manager of Engineering and General Manager of Corporate Planning.  Mr. Voiland is on a number of for profit and nonprofit boards, and is a management consultant.  He is also a board member of Saltchuk Resources, a transportation, energy, and real estate investment and management company.  He is active in state and community affairs, serving on four local non-profit boards, as well as a Leadership Council Member of California Forward.  He is also a Board Member and Past Chairman of the California State Chamber of Commerce.  Mr. Voiland is a 1969 graduate of Washington State University with a BS degree in Chemical Engineering.  He is a member of the WSU Foundation Board of Governors and the WSU Foundation Investment Committee.

Kaj Vazales Board Member Berry Petroleum CorporationMr. Vazales, 38, is a Managing Director in the Distressed Debt group of Oaktree Capital Management, L.P., and has been a member of the Distressed Debt group since 2007. He has invested in public securities and private opportunities across a range of industries, including companies in the gaming, auto, industrial, financial, healthcare, retail, airline and energy sectors. Mr. Vazales has served as a director on a number of public and private boards and has been a member of both audit and compensation committees thereof. Prior to joining Oaktree, Mr. Vazales served as an analyst in the Financial Restructuring Group at Houlihan Lokey, where he advised clients across a variety of industries on strategic alternatives and balance sheet restructurings.

Cary Baetz Board Member Berry Petroleum CorporationMr. Baetz, 52,  has significant public company experience across the financial, strategic planning and investor relations areas. Mr. Baetz most recently served as Chief Financial Officer at Seventy Seven Energy Inc., a domestic oil service company. Prior to that, he served as Senior Vice President and Chief Financial Officer of Atrium Companies, Inc., a large private equity owned windows manufacturer. Prior to Atrium, Mr. Baetz served as Chief Financial Officer of Boots & Coots International Well Control, an international well intervention and risk management company. Earlier in Mr. Baetz’s career he served as Vice President of Finance, Treasurer and Assistant Secretary of Chaparral Steel Company and Director of Corporate Finance at Texas Industries Inc. Mr. Baetz has led the sale of three public companies; has successfully completed two public spin-offs; and raised almost $5 billion in capital. Mr. Baetz holds a Bachelor of Science degree from Oklahoma State University and a Master of Business Administration degree from the University of Arkansas.

Culture

Berry’s culture is reminiscent of a time when it wasn’t unusual for employees to work their whole life for one company. One where trust, honesty and fair dealing are a way of life. It’s a culture of balance that recognizes the need for productivity, creativity, and downtime away from work. The Company fosters an entrepreneurial spirit and encourages its teams to apply improvements at every level, moving the Company forward. Berry’s employees belong to the communities where they work, so the Company’s interests are aligned with those who live near operations. Berry expects to have a positive presence in the communities surrounding its operations.

Berry Petroleum Company LLC

History

Berry Petroleum’s roots reach back to 1909, through its predecessor companies founded by C.J. Berry. But today’s Company is a new and different Berry with new ownership and management.

More than 100 years ago a man named C.J. Berry, armed with determination and not much else, set out on a journey to seek his fortune. That path would lead from the gold claims of the Klondike to the oil fields of central California. His success was manifold and one lasting result is Berry Petroleum Company, a California-based energy company that began when C.J. began producing heavy oil from the San Joaquin basin in 1909.

Settling on a piece of land in the Southern San Joaquin Valley, nestled up against the Temblor Range, C.J. began to drill for oil. He started many oil companies as early as 1899 with names like Bakersfield Fuel Oil, El Dorado Oil Company and Mammoth Oil Company. One of his early wells was drilled on some land named for his wife, Ethel D, in 1909. Some 100 plus years later the Ethel D property is still producing oil in paying quantities.

Berry Holding Company, formed in 1916 as one of C.J.’s many companies, continued to grow over the years and in December 1985 was merged with several related entities into Berry Petroleum Company. Berry, with a very solid beginning, has continued to grow and evolve and today is one of the few remaining independent producers headquartered in California.

Berry expanded its presence in areas outside of California beginning in 2003 as opportunities to acquire light oil and natural gas became available to grow its portfolio. Today, Berry has production in five states, and is always looking for acquisitions to continue the course of success and growth that C.J. envisioned when he drilled his first well on the Ethel D lease.

LINN Energy and LinnCo acquired Berry in 2013 and subsequently LINN filed for bankruptcy in May 2016. Berry emerged from the bankruptcy as a stand-alone company on Feb 28, 2017. Berry Petroleum Company, LLC is now an independent wholly-owned subsidiary of Berry Petroleum Corporation.

C.J. and Ethel D Berry Berry Petroleum
C.J. and Ethel D Berry