What mineral owners need to know about this Kern County thermal oil specialist.
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Headquarters: Bakersfield, California
Stock Ticker: NASDAQ: BRY
Company Type: Independent E&P
Operating Area: Kern County, California
Specialty: Thermal heavy oil
Recovery Method: Steam flood EOR
Berry Petroleum (NYSE: BRY) is an independent oil and gas company specializing in thermal heavy oil production in California. The company has deep expertise in steam flood enhanced oil recovery (EOR), which is essential for producing the thick, heavy crude oil found in many Kern County fields.
Unlike light oil operations in places like the Permian Basin, Berry's thermal operations require continuous steam injection to heat the reservoir and allow heavy oil to flow. This specialized approach requires significant ongoing investment but allows production from fields that have been producing for over a century.
Berry operates exclusively in California's San Joaquin Valley, focusing on thermal heavy oil fields:
Midway-Sunset Field - Largest California field
McKittrick Field - Western Kern County
South Midway Field - Heavy oil focus
Various diatomite fields
Thermal expertise: Specialized in heavy oil production
Local presence: Bakersfield headquarters
Long field life: EOR extends production for decades
Heavy oil discount: Lower prices than light crude
California regulations: Challenging environment
Mature fields: Natural production declines
Phone: 1-661-616-3900
Mail: Berry Corporation, 1999 Broadway, Suite 3700, Denver, CO 80202
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