Berry (NASDAQ:BRY) (NASDAQ:BRY) is an independent oil and natural gas exploration and production company headquartered in Dallas, Texas. The company focuses on developing and acquiring upstream assets in prolific onshore basins, leveraging its expertise in enhanced recovery techniques to maximize production from mature fields. Berry operates with an emphasis on cost‐effective drilling, well interventions, and reservoir management to optimize resource extraction.
The company’s core activities include the exploration, development, and production of crude oil, natural gas and natural gas liquids. Berry employs advanced technologies in seismic imaging, horizontal drilling and multistage hydraulic fracturing to access hydrocarbons in tight reservoirs. In addition to primary production, it utilizes waterflood projects and CO₂‐enhanced oil recovery programs to extend the life of its properties and increase recovery factors in established fields.
Founded in 1909 as Berry Petroleum Company to develop California’s San Joaquin Valley, the organization has evolved through a century of mergers, spin-offs and public market transactions. In 2018, it rebranded as Berry Corporation and established a new listing on the Nasdaq stock exchange. Throughout its history, Berry has pursued a disciplined acquisition strategy, selectively adding producing wells and undeveloped acreage to complement its legacy operations.
Today, Berry’s operations are concentrated in California’s San Joaquin Basin and in key Texas plays, including portions of the Permian and Eagle Ford. The company is led by a seasoned management team headed by President and Chief Executive Officer Christopher Dunn, supported by executives with deep expertise in geology, engineering and finance. Berry’s leadership emphasizes operational efficiency, environmental stewardship and sustained free cash flow generation as cornerstones of its corporate strategy.
