OilVoice - Berry Petroleum Completes Sale of DJ Basin Assets

Berry Petroleum Completes Sale of DJ Basin Assets

Wednesday, April 01, 2009

Berry Petroleum Company has completed the previously announced sale of its mature, non-core assets in the Denver-Julesburg basin. This transaction represents essentially all the Company’s properties in Northeastern Colorado. The sales price based on the effective date of April 1 is $154 million. Included in the sale are natural gas reserves, mid-stream assets and an associated gas hedge for six months valued at $14 million.

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