(7,770 net acres)
San Joaquin and East Ventura Basins — The California region consists of oil and gas properties located in the Midway-Sunset, McKittrick, Poso Creek and South Belridge fields in the San Joaquin Valley Basin as well as the Placerita field in the E. Ventura Basin. The properties in the Midway-Sunset, McKittrick, Placerita, Poso Creek and South Belridge fields produce using thermal enhanced oil recovery methods at depths ranging from 800 feet to 2,000 feet. Thermal production in the San Joaquin Valley Basin is primarily from the Tulare, Potter, Monarch and Diatomite formations, and in the E. Ventura Basin, thermal production is from the upper and lower Kraft formations. The Company’s properties in this region are primarily mature, low-decline oil wells.
(7,000 net acres)
Piceance Basin — The Colorado assets consist of gas producing properties located in the Piceance Basin of western Colorado. The properties are produced from a basin-centered gas play at depths ranging from 8,000 feet to 12,000 feet. Wells are hydraulically fractured and produce dry gas from Williams Fork formation with plunger lift operations. The Company’s properties in this region are primarily mature, low-decline gas wells.
(104,000 net acres)
Uinta Basin — The Utah assets consist of oil and associated gas producing properties located in the Uinta Basin of northeastern Utah. The properties produce 43-50 api gravity oil at depths ranging from 5,000 feet to 9,000 feet. Wells are hydraulically fractured and produced with conventional lift methods on primary production from the Wasatch and Green River formations. NGLs are recovered through a Company-owned and operated facility. The Company’s properties in this region are primarily mature, low-decline oil wells.
(4,600 net acres)
East Texas Basin — The East Texas Basin has an extensive basin-centered over-pressured gas cell on the west flank of the East Texas Basin. Berry’s assets consist of properties located in Harrison and Limestone counties and primarily produces natural gas from the Cotton Valley, Taylor and Bossier Sand formations at depths ranging from 7,000 feet to 12,500 feet.