Monday, April 20, 2009

Berry Petroleum: Update

Berry Petroleum Company also presented at the IPAA. Berry has a relatively small interest in the Haynesville Shale concentrated in Texas in two fields, the Oakes Field and Darco Field. Berry has just under 5,000 gross acres in this area and drills in the Haynesville, Cotton Valley Travis Peak and Bossier Sands.  The Darco Field in Harrison Co., with 2,112 gross acres, is prospective for the Haynesville Shale.

Berry has drilled and tested four vertical wells in the Haynesville Play. Initial production numbers (shown graphically on the slide below) from four wells, Doyle Harris 6, Hazel Brynes 8, Meek Haynes 8 and Hazel Brynes 9, are not terribly impressive compared to some other neighboring figures shown on the map below.

Since the Haynesville Play is not one of Berry's big investments, the company provided little detail on capital expenses and drilling plans for the region.

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